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Today the Federal Council thanked Jean-Pierre Roth for his valuable and expert work carried out in the interests of Switzerland's economic and monetary policies. It looks forward to continue working with him up to the end of the year.
The Federal Council appointed Philipp Hildebrand, up to now Vice-President, as the successor to Jean-Pierre Roth as President of the Governing Board of the Swiss National Bank (SNB). Philipp Hildebrand will take up his post on 1 January 2010. This choice is applicable for the remainder of the current term of office which finishes on 30 June 2015. Hildebrand has been a member of the SNB Governing Board since 2003.
Thomas Jordan, a member of the SNB Governing Board since 2007, has been appointed by the Federal Council to the post of Vice-President from 1 January 2010 and with the same term of office. Jean-Pierre Danthine (1950) was appointed as a new member of the Governing Board by the Federal Council from 1 January 2010. Danthine is a Professor of Macroeconomics and Financial Theory at the University of Lausanne, he is also a Managing Director of the Swiss Finance Institute and a research fellow at the Centre for Economic Policy Research (CEPR) in London.The main task of the Swiss National Bank is to regulate the country's money supply, to facilitate payment transactions and to conduct a credit and monetary policy which serves the interests of the country as a whole. The National Bank's supreme managing and executive body is the Governing Board consisting of three members. The members of the Governing Board are appointed by the Federal Council upon the recommendation of the Bank Council. The President and Vice-President are appointed by the Federal Council from the ranks of the Governing Board (Art. 43 National Bank Act).