Executive Board

The Executive Board consists of

  • the President,
  • the Vice-President and
  • four other members

All members are appointed by the European Council, acting by a qualified majority.

Back row (left to right): Yves Mersch, Philip R. Lane, Benoît Cœuré. Front row (left to right): Luis de Guindos (Vice-President), Mario Draghi (President), Sabine Lautenschläger.

Members of the Executive Board

(as at July 2019)

Responsibilities

  • to prepare Governing Council meetings;
  • to implement monetary policy for the euro area in accordance with the guidelines specified and decisions taken by the Governing Council. In so doing, it gives the necessary instructions to the euro area NCBs;
  • to manage the day-to-day business of the ECB with the support of the Chief Services Officer, Michael Diemer;
  • to exercise certain powers delegated to it by the Governing Council. These include some of a regulatory nature.

Members

Christine Lagarde

Christine Lagarde

President of the ECB

Curriculum vitae
Luis de Guindos

Luis de Guindos

Vice-President of the ECB

Curriculum vitae
Benoît Cœuré

Benoît Cœuré

Member of the Executive Board of the ECB

Curriculum vitae
Yves Mersch

Yves Mersch

Member of the Executive Board of the ECB

Curriculum vitae

Member of the Executive Board of the ECB

Philip R. Lane

Philip R. Lane

Member of the Executive Board of the ECB

Curriculum vitae

Terms of office

All Executive Board members are appointed for an eight-year term that cannot be renewed. As an exception, the members appointed to the first Board in 1998 received terms of varying lengths so that not all members would need to be replaced in the same year.

Timeline: Past and present Executive Board members