Former Chancellor Karl Nehammer Becomes Vice-President of the European Investment Bank

PeoplePoliticians ♦ Published: July 23, 2025; 15:41 ♦ (Vindobona)

Former Austrian Chancellor Karl Nehammer (ÖVP) has been officially appointed as the new Vice-President of the European Investment Bank (EIB). He will take up his post on September 1, 2025, succeeding Swedish Vice-President Thomas Östros. The appointment was made following a decision by the finance ministers of the 27 EU member states, who represent the EIB's shareholders, on the recommendation of Austria.

After former Austrian Chancellor Karl Nehammer had been in the running for the position of Vice-President of the EIB for some time, the institution has now confirmed his position. / Picture: © Bundeskanzleramt (BKA) / Florian Schrötter

The appointment of Nehammer, who was Austrian Chancellor from 2021 to 2025, was announced on April 1 of this year. The nomination has been known for some time and even met with criticism from the FPÖ, which criticized the appointment at the time as “jobbery,”…