EBRD loses first vice president after four year term

The European Bank for Reconstruction and Development (EBRD) announced today (Monday) the resignation of its first vice president. Charles Frank will step down from the position in late August when his four year contract with the bank expires.

  • 09 Mar 2001
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As the bank's most senior vice president, Frank has served as acting president on two occasions. Jean Lemierre was appointed president in July 2000.

In a statement Frank said that he was leaving "to pursue other opportunities". It is thought that the search for his replacement is not yet under way.

Frank joined EBRD in 1997 from GE Capital, where he was a managing director in the structured finance group.

  • 09 Mar 2001

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