Ilves appoints new president of Eesti Pank

TALLINN - Estonian President Toomas Hendrik Ilves signed on Tuesday the decision to appoint Ardo Hansson the president of Estonia’s Central Bank Eesti Pank, LETA/Postimees Online reports.

Hanssons 7-year term of office starts on June 7.

Ardo Hansson is currently Chief of the World Bank's Economics Unit in China. Employed by the World Bank since 1998, Hansson has also worked with Eastern European and Balkan countries. In 1993-1998 Hansson belonged to the Supervisory Board of Eesti Pank, in 1992-1995 and in 1997 he was economic adviser to the Prime Minister, and in 1991-1992 adviser to the Ministry of Foreign Affairs. He was also member of the Monetary Reform Committee. He has worked for several renowned universities and published numerous articles on economic policy. Hansson holds a PhD in Economics from Harvard University.

The term of office of Andres Lipstok, the present Governor of Eesti Pank, will end on 6 June 2012.