The Executive Board governs and manages the Bundesbank. It comprises the President, the Vice-President and four other members. The members of the Executive Board are appointed by the President of the Federal Republic of Germany.

The President, the Vice-President and one other member are nominated by the Federal Government; the other three members are nominated by the Bundesrat (the upper house of Parliament representing the federal states) in agreement with the Federal Government.

Responsibility for Construction Management, Procurement and Administration has been reassigned to the newly created position of Chief Operating Officer (COO) with effect from 15 January 2024. The COO reports directly to the Executive Board as a whole.

New allocation of responsibilities within the Executive Board of the Deutsche Bundesbank

At the beginning of November, Fritzi Köhler-Geib was appointed as new member of the Executive Board. The Executive Board has therefore reallocated its areas of responsibility.

The following allocation of responsibilities shall apply with immediate effect:

Dr Joachim Nagel

President of the Deutsche Bundesbank,
Member of the Governing Council of the ECB

Dr Sabine Mauderer

Vice-President of the Deutsche Bundesbank,
Person accompanying the president at the ECB Governing Council

Burkhard Balz

Lutz Lienenkämper

Michael Theurer

Dr Fritzi Köhler-Geib