Gertrude Tumpel-Gugerell (born 11 November 1952 in Kapelln) is an Austrian economist who served as a member of the

Executive Board of the European Central Bank The Executive Board of the European Central Bank is the organ responsible for implementing monetary policy for the Eurozone in line with the guidelines and decisions taken by the Governing Council of the European Central Bank. The Executive Board ...

from 2003 to 2011. She previously served as vice-governor of the

Oesterreichische Nationalbank The Oesterreichische Nationalbank (OeNB) is the central bank of Austria and, as such, an integral part of both the European System of Central Banks (ESCB) and the Eurozone. It started operations on , replacing the Austro-Hungarian Bank of whic ...

from 1998 to 2003. She has been a member of the Council of the

University of Leoben The University of Leoben (German: ''Montanuniversität Leoben'') in Austria is the country's university for mining, metallurgy and materials. It was founded on 4 November 1840 as the ''Steiermärkisch-Ständische Montanlehranstalt'' in Vordernbe ...

Career

From 1998 until 2003, Tumpel-Gugerell served as vice governor of Austria's central bank

. During her time as member of the

Executive Board A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

of the

European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important centr ...

, Tumpel-Gugerell was responsible for market operations, payment systems and market infrastructure as well as human resources, the budget, and organisation. Currently, Tumpel-Gugerell is an Emeritus Consultant at the Austrian Institute of Economic Research (WIFO). From 2013 until 2014, she also served as chairperson of the

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body ...

's expert group on a debt redemption fund and eurobills; in 2014, she submitted the group's final report to President José Manuel Barroso and Vice-President

Olli Rehn Olli Ilmari Rehn (; born 31 March 1962) is a Finnish economist and public official who has been serving as governor of the Bank of Finland since 2018. A member of the Centre Party, he previously served as the European Commissioner for Enlargem ...

. In 2016, the board of the

European Stability Mechanism The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operates under public international law for all eurozone member states having ratified a special ESM intergovernmental treaty. It was ...

appointed her to assess the financial assistance programmes to Greece, Portugal, Ireland and Cyprus by the ESM and its predecessor, the

European Financial Stability Facility The European Financial Stability Facility (EFSF) is a special purpose vehicle financed by members of the eurozone to address the European sovereign-debt crisis. It was agreed by the Council of the European Union on 9 May 2010, with the objectiv ...

; the appointment was made by

Jeroen Dijsselbloem Jeroen René Victor Anton Dijsselbloem (; born 29 March 1966) is a Dutch politician and economist serving as Mayor of Eindhoven since 13 September 2022, succeeding John Jorritsma (VVD). A member of the Labour Party (PvdA), he has also been Ch ...

, head of the

Eurogroup The Eurogroup is the recognised collective term for the informal meetings of the finance ministers of the eurozone—those member states of the European Union (EU) which have adopted the euro as their official currency. The group has 19 membe ...

and de facto chairman of the ESM board, in conjunction with Klaus Regling, managing director of the ESM. Tumpel-Gugerell presented her report in June 2017. In 2018,

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

(IMF) Managing Director

Christine Lagarde Christine Madeleine Odette Lagarde (; née Lallouette, ; born 1 January 1956) is a French politician and lawyer who has been serving as President of the European Central Bank since 2019. She previously served as the 11th managing director of the ...

appointed Tumpel-Gugerell to the External Advisory Group on Surveillance, a group mandated to review the Fund's operational priorities through 2025. Tumpel-Gugerell is aligned with the Social Democrats (SPÖ).

Other activities

Regulatory bodies

* Austrian Financial Market Authority (FMA), Member of the Supervisory Board (2002-2003) * Economic and Financial Committee, Member (1997-2003)

Corporate boards

OMV OMV (formerly abbreviation for Österreichische Mineralölverwaltung Aktiengesellschaft ('' en, Austrian Mineral Oil Administration Stock Company'')) is an Austrian multinational integrated oil, gas and petrochemical company which is headquart ...

, Member of the Supervisory Board (since 2015) * Commerzbank, Member of the Supervisory Board (since 2012) * Vienna Insurance Group, Member of the Supervisory Board (since 2012) *

Austrian Federal Railways Austrian may refer to: * Austrians, someone from Austria or of Austrian descent ** Someone who is considered an Austrian citizen, see Austrian nationality law * Austrian German dialect * Something associated with the country Austria, for example: ...

(ÖBB), Member of the Supervisory Board (since 2011) * Finanzmarktbeteiligung Aktiengesellschaft des Bundes (FIMBAG), Member of the Supervisory Board (2011-2016)

Non-profit organizations

* Austrian Research Promotion Agency (FFG), Chairwoman of the Supervisory Board (since 2012) *

International Women's Forum The International Women's Forum (IWF), founded in 1974 as the Women's Forum of New York, is an invitation-only women's organization with some 7,000 members. Its mission is "to support the women leaders of today and tomorrow". The IWF hosts two con ...

(IWF), Member of the Board of DirectorsBoard of Directors
International Women's Forum (IWF).

References

{{DEFAULTSORT:Tumpel-Gugerell, Gertrude 1952 births Austrian economists Austrian women economists Living people Executive Board of the European Central Bank members