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PRESS RELEASE

Changes in senior management

2 December 2004

The Executive Board of the European Central Bank (ECB) has decided on some changes in the senior management, in accordance with the Executive Board’s general intention to foster job mobility within the ECB, which is aimed at strengthening the efficiency and effectiveness of the organisation.

The changes are as follows:

  • Mr Wolfgang Schill, Deputy Director General Economics, will succeed Mr Gert Jan Hogeweg, Director General Economics, who is appointed as Adviser to the Executive Board as of 1 January 2005. In his new functions, Mr Hogeweg will contribute to the analysis of strategic, organisational and managerial issues regarding the ECB and the Eurosystem.
  • Mr Klaus Gressenbauer, Director Planning and Controlling, will succeed Ms Michèle Caparello, Director Internal Audit, who is appointed as Adviser to the Executive Board as of 15 December 2004. Ms Caparello will advise the Executive Board on issues related to the fight against illegal financial activities and money laundering and the fight against the financing of terrorism at European and international level. She will also provide advice on the “new ECB premises project” from a general risk management perspective.
  • Mr Koenraad de Geest, Deputy Director General Payments and Market Infrastructure, is appointed as Director Planning and Controlling as of 15 December 2004.

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