03/19/2026 | Press release | Distributed by Public on 03/19/2026 15:59
The European Council today appointed Boris Vujčić as Vice-President of the European Central Bank for a non-renewable 8-year term.
The new Vice-President will replace Luis de Guindos as of 1 June 2026.
The decision was taken after having consulted both the European Parliament and the European Central Bank's Governing Council.
The Eurogroup gave its support to Mr Vujčić's candidacy on 19 January. On 26 January 2026, the Council adopted a recommendation to the European Council on his appointment as Vice-President of the European Central Bank.
Article 283(2) of the Treaty on the Functioning of the European Union specifies that appointments to the ECB executive board are made "by the European Council, acting by a qualified majority, from among persons of recognised standing and professional experience in monetary or banking matters, on a recommendation from the Council, after it has consulted the European Parliament and the governing council of the European Central Bank."
The ECB executive board is responsible for implementation of eurozone monetary policy, as laid down by the ECB governing council. It is composed of the President, the Vice-President and four other members, all appointed for non-renewable eight-year terms. The governing council is composed of the six executive board members and the governors of the national central banks of the eurozone countries.