Werner Hoyer has headed the European Investment Bank (EIB) for almost twelve years, and the 71-year-old will step down as president at the end of the year. At today’s meeting of EU finance ministers, the Swedish Council Presidency is now launching the search for a successor. According to our information, the member states have until June 16 to submit their nominations for the head of the EIB. The decision is to be made at the informal Ecofin in September, and the selection process will be officially concluded in October.