27 February 2013 – The European Climate Foundation (ECF), Europe’s largest philanthropic sponsor of climate-related activities, is delighted to announce the appointment of Caio Koch-Weser as the new Chair of the Supervisory Board. Koch-Weser, Deutsche Bank Group Vice-Chairman, takes over from John McCall MacBain, a Co-Founder of the ECF, who has served as Chairman since the ECF’s establishment in 2008.

Koch-Weser has an outstanding track record in the worlds of development, finance, government, and climate change. Prior to his current role with Deutsche Bank, he was German Deputy Minister of Finance (1999-2005) and Chairman of the EU’s Economic and Financial Committee (2003-2005).

Prior to his government positions, Koch-Weser served for many years at the World Bank (1973-99), most recently as Managing Director Operations and Member of the Executive Committee. Throughout his World Bank career, he worked, among others, on sustainable development, and later had managerial responsibility for climate change policies. He was chosen in 2010 by the UN Secretary General to serve as part of the High Level Advisory Group on Climate Change Financing.

As a member of the ECF board for three years, Koch-Weser has contributed to the organisation’s strategic direction. His appointment underlines the importance of the finance sector in achieving the low carbon transition.

Johannes Meier, CEO of the European Climate Foundation, said, “We are thrilled that Caio has accepted the chairmanship of our board. Investors, and the financial community as a whole, are key to the success of the low-carbon transition and Caio is well positioned to help us work effectively with these groups.”

Meier continued, “I am personally very grateful to John McCall MacBain for his tremendous work, sponsorship, and service in leading the ECF from its founding to where we are today. Under John’s leadership, the ECF has become a highly strategic and effective actor, supporting the work of civil society across Europe to promote policy action to address climate change.”

John McCall MacBain said, “Chairing the board of such a young yet influential organisation has been an exceptionally rewarding experience. The McCall MacBain Foundation has been a core funder of the ECF from the beginning and will continue to support the organization in achieving its goals for many years to come. I look forward to continuing to serve on the ECF’s European Climate Foundation board. I wish Caio every success in this important role.” McCall MacBain will continue to remain on the board as Vice-Chair and Founding Chair.

The European Climate Foundation aims to promote climate and energy policies that greatly reduce Europe’s greenhouse gas emissions and help Europe play an even stronger international leadership role in mitigating climate change.