Executive Board of the European Central Bank

The Executive Board of the European Central Bank is the organ responsible for implementing monetary policy for the Eurozone in line with the guidelines and decisions taken by the Governing Council of the European Central Bank.

The Executive Board consists of the President, the Vice-President and four other members. All members are appointed by the European Council by qualified majority for a non-renewable eight-year term. As an exception, the officeholders appointed to the original Board received staged terms so that one would be replaced each year. Under the ECB's rules board members do not represent a particular country, nor are they responsible for keeping track of economic conditions in one country. Instead, all board members are jointly responsible for monetary policy for the entire Euro area.

Current members[]

The current members of the ECB Executive Board are as follows:^[1]

Composition of the Executive Board

	Name	Position	Terms of office
Executive Board	Christine Lagarde	President	1 November 2019	31 October 2027
	Luis de Guindos	Vice-President	1 June 2018	31 May 2026
	Philip R. Lane	Member; Chief Economist	1 June 2019	31 May 2027
	Fabio Panetta	Member	1 January 2020	31 December 2027
	Isabel Schnabel	Member	1 January 2020	31 December 2027
	Frank Elderson	Member	15 December 2020	14 December 2028

List of Board members[]

The following is a list of past and present members of the Executive Board of the European Central Bank. A member serves for a non renewable term of eight year. Since the ECB was established in 1998, the following people have served as Executive Board members:^[2]

Status

• Italics denotes date of term ending

Name	State	Term start	Term end	Tenure length	Departure reason
Wim Duisenberg	Netherlands	June 1, 1998	October 31, 2003	5 years, 152 days	Resigned
Christian Noyer	France	June 1, 1998	May 31, 2002	3 years, 364 days	Resigned
Sirkka Hämäläinen	Finland	June 1, 1998	May 31, 2003	4 years, 364 days	Resigned
Eugenio Domingo Solans	Spain	June 1, 1998	May 31, 2004	5 years, 365 days	Resigned
Tommaso Padoa-Schioppa	Italy	June 1, 1998	May 31, 2005	6 years, 364 days	Resigned
Otmar Issing	Germany	June 1, 1998	May 31, 2006	7 years, 364 days	Term ended
Lucas Papademos	Greece	June 1, 2002	May 31, 2010	7 years, 364 days	Term ended
Gertrude Tumpel-Gugerell	Austria	June 1, 2003	May 31, 2011	7 years, 364 days	Term ended
Jean-Claude Trichet	France	November 1, 2003	October 31, 2011	7 years, 364 days	Term ended
José Manuel González-Paramo	Spain	June 1, 2004	May 31, 2012	7 years, 365 days	Term ended
Lorenzo Bini Smaghi	Italy	June 1, 2005	December 31, 2011	6 years, 213 days	Resigned
Jürgen Stark	Germany	June 1, 2006	December 31, 2011	5 years, 213 days	Resigned
Vítor Constâncio	Portugal	June 1, 2010	May 31, 2018	7 years, 364 days	Term ended
Peter Praet	Belgium	June 1, 2011	May 31, 2019	7 years, 364 days	Term ended
Mario Draghi	Italy	November 1, 2011	October 31, 2019	7 years, 364 days	Term ended
Jörg Asmussen	Germany	January 1, 2012	January 8, 2014	2 years, 7 days	Resigned
Benoît Cœuré	France	January 1, 2012	December 31, 2019	7 years, 364 days	Term ended
Yves Mersch	Luxembourg	December 15, 2012	December 14, 2020	7 years, 365 days	Term ended
Sabine Lautenschläger	Germany	January 27, 2014	October 31, 2019	5 years, 277 days	Resigned
Luis de Guindos	Spain	June 1, 2018	May 31, 2026	3 years, 258 days	Incumbent
Philip R. Lane	Ireland	June 1, 2019	May 31, 2027	2 years, 258 days	Incumbent
Christine Lagarde	France	November 1, 2019	October 31, 2027	2 years, 105 days	Incumbent
Fabio Panetta	Italy	January 1, 2020	December 31, 2027	2 years, 44 days	Incumbent
Isabel Schnabel	Germany	January 1, 2020	December 31, 2027	2 years, 44 days	Incumbent
Frank Elderson	Netherlands	December 15, 2020	December 14, 2028	1 year, 61 days	Incumbent

Succession of seats[]

References[]

External links[]

• European Central Bank: Executive Board

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