Thomas Mirow appointed new EBRD President
Thomas Mirow of Germany has been named as the new president of the European Bank for Reconstruction and Development
By Agencies |
KIEV: Thomas Mirow of Germany was named on Monday as the new president of the European Bank for Reconstruction and Development, it was confirmed at the group's annual meeting in Kiev.
German deputy finance minister Mirow, 55, will replace Frenchman Jean Lemierre, who will step down in July after eight years in charge of the bank.
"You have made a very good decision in appointing him president of the bank," Lemierre told EBRD governors after they passed a resolution on Mirow's appointment.
"I am very happy he is my successor," added Lemierre. Governors also approved plans to allocate the bank's 2007 profits and to consider the inclusion of Turkey in the bank's line-up of investment countries.
Mirow is the second German to head the EBRD, which has always been led either by a German or a Frenchman since it was founded in 1991 to help ex-Soviet countries in Europe and central Asia in their transition to market economies.
"I am greatly honoured to be joining an institution that has achieved so much in so few years since the collapse of the Berlin Wall," Mirow said in a statement.
"The region where the Bank works still faces many challenges and I am convinced that the EBRD has the skills, the experience and the determination to help the region meet those challenges."
German deputy finance minister Mirow, 55, will replace Frenchman Jean Lemierre, who will step down in July after eight years in charge of the bank.
"You have made a very good decision in appointing him president of the bank," Lemierre told EBRD governors after they passed a resolution on Mirow's appointment.
"I am very happy he is my successor," added Lemierre. Governors also approved plans to allocate the bank's 2007 profits and to consider the inclusion of Turkey in the bank's line-up of investment countries.
Mirow is the second German to head the EBRD, which has always been led either by a German or a Frenchman since it was founded in 1991 to help ex-Soviet countries in Europe and central Asia in their transition to market economies.
"I am greatly honoured to be joining an institution that has achieved so much in so few years since the collapse of the Berlin Wall," Mirow said in a statement.
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"The region where the Bank works still faces many challenges and I am convinced that the EBRD has the skills, the experience and the determination to help the region meet those challenges."
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