Former State Secretary from Habeck: Philipp Nimmermann to become first Green on Bundesbank Executive Board

Philipp Nimmermann, a 60-year-old economist and former State Secretary for Economic Affairs, has been appointed to the board of the Deutsche Bundesbank, becoming the first Green Party politician to hold the position. He will replace Burkhard Balz, who left the central bank at the end of August. Nimmermann previously served as State Secretary in three ministries, most recently in the Federal Ministry for Economic Affairs with responsibility for energy and climate policy under Minister Robert Habeck.

The responsibilities of his role on the six-member board will be determined once he takes up his position in Frankfurt. Nimmermann's appointment was approved by the Bundesrat, following a recommendation from the finance committee.