Andrew Doyle (Wicklow, Fine Gael)
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204. To ask the Minister for Finance further to Parliamentary Question No. 262 of 21 May 2013, regarding the European Bank for Reconstruction and Development, the person he intends to appoint to the board of directors once the terms of the incumbent comes to an end on 1 July 2013; and if he will make a statement on the matter. [27790/13]

Michael Noonan (Limerick City, Fine Gael)
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Ireland currently holds a Director position at the European Bank for Reconstruction and Development (EBRD) Board under a Constituency agreement with Denmark which provides for an equal rotation of the posts of Director and Alternate Director between both countries on a three-year cycle. Ireland assumed the Director position in May of 2012 and holds this position until May of 2015 – over that period, Denmark holds the post of Alternate Director. After May of 2015, the positions reverse for a further three years. The current Irish representative on the Board of Directors of the EBRD is Mr Eoin Ryan who was initially appointed to the position of Alternate Director on 12 February 2010 and he took over the Director post in May 2012. His appointment on the Board was due to end on 1 July 2013. However, Mr Ryan’s tenure is being extended until 31 July 2013. Thereafter I have nominated Mr Sean Donlon to replace him. Subject to the completion of the procedures required to assume the position of Director of the EBRD, Mr Sean Donlon will succeed Mr Ryan on 1 August 2013.