Serving as the Vice President of the European Parliament for the Renew group until last December 31st, Nicola Beer brings a wealth of experience to her new role. She has played a part in committees focusing on economics and monetary affairs foreign affairs and industry and science. One notable achievement includes her role as rapporteur for the Critical Raw Materials Act, which was successfully passed in the European Parliament on December 12th.

Nicola Beer’s political journey

Nicola Beer‘s political journey began in 1991 when she became a member of the Free Democratic Party (FDP). Over time she has held positions such as State Secretary for European Affairs in Hesse and Minister of Culture from 2012 to 2014. In 2017 she became a member of the Bundestag. From 2013, to 2019 she served as Secretary General of the FDP.

Nicola Beer’s appointment, to the EIB Board of Directors comes after a proposal from the government and the formal decision of EU member states, who’re shareholders of the EU bank. Until now there haven’t been any Germans among the eight Vice Presidents on the EIB Board of Directors throughout outgoing President Werner Hoyers term, which ended on December 31 2023 and who has been replaced by Nadia Calviño from Spain.

EIB President Werner Hoyer expressed his enthusiasm for Beer joining the Board of Directors stating, “I’ve known Nicola Beer as an European for years. I’m delighted that she is joining us to contribute to the work of the EU bank benefiting both people and economies in the European Union.”

Honoured by the appointment

In response to her new role, Nicola Beer expressed her honor. She stated, “Being appointed as Vice President of the European Investment Bank is truly an honor. The EIB is one of the worlds financial institutions and a significant player in climate financing.” She emphasized how EIB plays a role in enhancing European economy competitiveness driving innovation and fostering partnerships.

The EIB holds importance within the European Union. Its Board of Directors serves as its body responsible for overseeing day, to day operations. Nicola Beers selection, as a member of the EIB Board of Directors comes after fulfilling the protocols involving EU member states and the governments proposal.

The European Investment Bank as part of the EIB Group focuses on providing long term financing to support investments that align with the objectives of the EU. It is worth noting that the EIB has recently increased its financing for energy projects showcasing a commitment to sustainability and climate neutrality. The banks dedication to innovation funding and its efforts in discontinuing support for fossil fuels further solidify its reputation as a leading institution that embraces thinking financial practices.

Nicola Beer’s appointment not only represents a personal achievement but also signifies progress towards achieving gender diversity in leadership positions within influential European institutions. As she assumes her responsibilities all eyes will be on Beer and the EIB as they navigate through challenges and opportunities, in shaping both the economic and environmental landscape of the European Union.