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Board of Directors and Alternate Director

Each Governor appoints one Director and one alternate Director from among people of high competence in economic and financial matters. The Member of the European Commission in charge of economic and monetary affairs and the President of the ECB may also appoint one observer each.

The Board of Directors ensure that the ESM is run in accordance with its Treaty and by-laws. It takes decisions as provided for by the ESM Treaty or decisions delegated to it by the Board of Governors. Decisions are taken by qualified majority, unless otherwise stated by the ESM Treaty.

The Board of Directors meetings are chaired by the ESM Managing Director.

  ESM Board of Directors Alternate Director
Belgium Mr Steven Costers

Counselor General, Finance Ministry

Mr Peter Van Der Stoelen
Germany Mr Jörg Kukies

State Secretary, Bundesministerium der Finanzen

Mr Thomas Westphal
Estonia Mr Märten Ross

Deputy Secretary General for Financial Policy and External Relations

Head of EU and International Affairs Department, Ministry of Finance 

Mr Andres Kuningas
Ireland Mr Gary Tobin

Assistant Secretary General, International & EU Division, Department of Finance

Ms Ciara Delaney
Greece Mr Michael Arghyrou

Chairman of the Council of Economic Advisors

Mr Eleftherios Tserkezis
Spain Mr Carlos San Basilio

Secretary General for the Treasury and Financial Policy

Mr Enrique Ruiz de Villa Saiz
France Mr Emmanuel Moulin

Director General of the Treasury

Mr Alexandre Baclet
Italy Mr Alessandro Rivera

Director General of the Treasury

Ministry of Economy and Finance

Mr Luigi Maria Disanto
Cyprus Mr George Panteli

Director of Economic Research and European Union Affairs Directorate, Ministry of Finance

Mr Marios Stephanides
Latvia Ms Līga Klavina

Deputy State Secretary, Ministry of Finance

Mr Nils Sakss
Lithuania Mr Mindaugas Liutvinskas

Vice-Minister, Ministry of Finance

Mr Darius Trakelis
Luxembourg Mr Nima Ahmadzadeh

Director of Economic and Fiscal Affairs, Ministry of Finance

Mr Tom Englaro
Malta Mr Alfred Camilleri

Permanent Secretary, Ministry of Finance

Mr Ivan-Carl Saliba
Netherlands Mr Christiaan Rebergen

Treasurer-general, Ministry of Finance

Mr Michel Heijdra
Austria Mr Harald Waiglein

Director General for Economic Policy and Financial Markets, Federal Ministry of Finance

Mr Paul Schieder
Portugal Mr João Nuno Mendes

Secretary of State for Finance

Mr José Carlos Azevedo Pereira
Slovenia Ms Katja Lautar

Head of Department for General Government Analysis and Coordination of Economic Policies, Ministry of Finance

Mr Žiga Lavrič
Slovakia Mr Peter Paluš

Head of the Financial Unit at the Permanent Representation of Slovakia to the European Union

Mr Juraj Toporčák
Finland Ms Leena Mörttinen

Director of the Secretariat for EU Affairs

Mr Jouni Sinivuori

Board of Directors and Alternate Director

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