Mr Vazil Hudák joined the European Investment Bank as Vice-President at the beginning of October, 2016. He is the first Slovak national to join the EU Bank's Management Committee.
Prior to his appointment, Mr Hudák was active as lead Slovak negotiator for the EU Budget. In the period from June 2015 to March 2016 Mr Hudák was Slovakia's Minister for the Economy. Between 2012 and 2015, he was State Secretary at the Ministry of Finance. He also has extensive experience of working in the private sector as Vice-President of Citigroup (2006-2010) and Executive Director of JPMorgan Chase Bank in London (2010-2011).
“The EIB is a European success story. It fosters investment in viable projects, puts money and people to work, and helps make Europe more competitive worldwide. It is now called to tackle the momentous difficulties that face Europe as a whole, and it is demonstrating that it can remain relevant and rise to the challenge. I am thrilled to be joining the EU's Bank at this delicate time and look forward to putting my experience at the service of its continuing success", said Mr Hudák, EIB Vice-President.
Mr Hudák has been appointed by the EIB’s Board of Governors on the basis of a proposal from the Minister of Finance of Slovakia with the agreement of a constituency of EIB shareholders composed of the Czech Republic, Bulgaria, Cyprus, Croatia, Hungary, Malta, Poland, Slovakia and Slovenia.
The European Investment Bank, owned by the 28 European Union Member States, is the world’s largest multilateral public bank. The EIB Management Committee is the Bank’s permanent collegiate executive body consisting of nine members. Under the authority of the President and the supervision of the Board of Directors, it oversees the day-to-day running of the EIB, prepares decisions for EIB Board of Directors and ensures that these are implemented.