Pope Francis names members of Council for the Economy
(Vatican Radio) Pope Francis has named the members of the Council for the Economy,
which was created with the Motu Proprio “Fidelis dispensator et prudens” on 24 February2014.
It is composed of 8 Cardinals and 7 laypeople.
In a statement by the Director
of the Holy See Press Office, Rev. Federico Lombardi, SJ, it is noted Cardinals Cipriani
Thorne , Napier, Rivera Carrera, Ricard , Hong Ton, Vallini , as well as Cardinal
George Pell, the new Prefect of the Secretariat of Economy, were all members of the
Council for the Study of Organizational and Economic Problems of the Holy See ( Council
of 15) , which has been replaced by the new Council for the Economy. Father Lombardi
also points out that Cardinal Marx and Cardinal Pell are both members of the Council
of Cardinals for the reform of the Apostolic Constitution Pastor Bonus, and to assist
the Holy Father in the governance of the universal Church.
Father Lombardi
said the relationship between the Council and the Secretariat for the Economy will
be defined by their statutes, and, in any case, the Council is understood to be a
body having the authority to act, and is not a mere advisory body of the Secretariat
of Economy .
He also said the Motu Proprio “Fidelis dispensator et prudens”
requires the Council to represent the universality of the Church, and the different
geographical areas represented by the Council reflects this.
Father Lombardi
said the establishment of the Council for Economics is a key step towards the consolidation
of the existing management structures of the Holy See, which is meant to improve the
coordination and supervision of economic and administrative issues.
The Council
is now operational, and its first meeting is scheduled for May.
List of Members
of the Council for the Economy, along with their biographies
Reinhard Card.
Marx, Archbishop of München und Freising (Coordinator); Juan Luis Card. Cipriani
Thorne, Archbishop of Lima; Daniel N. Card. DiNardo, Archbishop of Galveston-Houston; Wilfrid
Fox Card. Napier, Archbishop of Durban; Jean-Pierre Card. Ricard, Archbishop Bordeaux; Norberto
Card. Rivera Carrera, Archbishop of México; John Card. Tong Hon, Bishop of Hong
Kong; Agostino Card. Vallini, Vicar General of His Holiness for the Diocese of
Rome Joseph F.X. Zahra, Malta (Vice-Coordinator); Jean-Baptiste de Franssu,
France John Kyle, Canada; Enrique Llano Cueto, Spain; Jochen Messemer, Germany; Francesco
Vermiglio, Italy; George Yeo, Singapore. * * *
FURTHER BACKGROUND ON
THE BIOGRAPHIES OF THE CARDINAL MEMBERS OF THE COUNCIL FOR THE ECONOMY His Eminence
Reinhard Cardinal Marx is the Coordinator of the Council for the Economy.
He
has been Archbishop of Munich and Freising since 2008. Previously he was Bishop of Trier
(2002–2008), Auxiliary Bishop of Paderborn (1996–2001) and Titular Bishop of Petina (1996–2001). Cardinal
Marx is a member of the Council of 8 Cardinals.
His Eminence Daniel Cardinal
DiNardo has been Archbishop of Galveston-Houston since 2006. Before that he was
Coadjutor Archbishop of Galveston-Houston (2004-2006), Coadjutor Bishop of Galveston-Houston
(2004), Bishop of Sioux City (1998-2004) and Coadjutor Bishop of Sioux City (1997-1998).
His
Eminence Wilfrid Fox Cardinal Napier has been Archbishop of Durban since 1992. Previously
he was Bishop of Kokstad (1981-1992). Cardinal Napier was a member of the former
Council of 15 Cardinals for the Study of Organizational and Economic Questions
of the Apostolic See.
His Eminence Norberto Cardinal Rivera Carrera has been
Archbishop of Mexico City since 1995. Previously he was Bishop of Tehuacán (1985-1995). Cardinal
Rivera Carrera was a member of the former Council of 15 Cardinals for the Study of
Organizational and Economic Questions of the Apostolic See.
His Eminence Juan
Luis Cardinal Cipriani Thorne has been Archbishop of Lima since 1999. Previously
he was Archbishop of Ayacucho (1995-1999), Auxiliary Bishop of Ayacucho (1988-1995)
and Titular Bishop of Turuzi (1988-1995). Cardinal Cipriani Thorne was a member
of the former Council of 15 Cardinals for the Study of Organizational and Economic
Questions of the Apostolic See.
His Eminence Jean-Pierre Cardinal Ricard has
been Archbishop of Bordeaux since 2001. Previously, he was Bishop of Montpellier
(1996-2001), Coadjutor Bishop of Montpelli er (1996), Auxiliary Bishop of Grenoble
(1993-1996) and Titular Bishop of Pulcheriopolis (1993-1996). Cardinal Ricard was
a member of the former Council of 15 Cardinals for the Study of Organizational
and Economic Questions of the Apostolic See.
His Eminence John Cardinal Tong
Hon has been Bishop of Hong Kong since 2009. Previously, he was Coadjutor Bishop
of Hong Kong (2008-2009), Auxiliary Bishop of Hong Kong (1996-2008) and Titular
Bishop of Bossa (1996-2008). Cardinal Tong Hon was a member of the former Council
of 15 Cardinals for the Study of Organizational and Economic Questions of the Apostolic
See. His Eminence Agostino Cardinal Vallini has been Vicar General of Rome since
2008. Previously, he was Prefect of the Apostolic Signatura (2004-2008), Bishop
of Albano (1999- 2004), Auxiliary Bishop of Naples (1989-1999) and Titular Bishop
of Tortibulum (1989-1999). Cardinal Vallini was a member of the former Council
of 15 Cardinals for the Study of Organizational and Economic Questions of the Apostolic
See.
FURTHER BACKGROUND ON THE BIOGRAPHIES OF THE LAY MEMBERS OF THE COUNCIL
FOR THE ECONOMY
Joseph F.X. Zahra is an economist and founding partner and
Managing Director of MISCO, the independent consulting group operating in Malta,
Italy and Cyprus. He has a wealth of practical Board experience gained from many
years of leading organizations in the private and government sectors in both an
executive and non-executive Director capacity. He has a long history of working
effectively with Chairs, Directors and Senior Executives to improve corporate performance.
He has been a consultant and board facilitator in the Corporate World, for over 25 years
guiding executives in changing the way they do business, using new technologies and business
models. He has addressed numerous seminars on industrial development, managerial economics,
financial services and management all over Europe as well as in North America, consulting
companies and organizations, across a diverse range of industries and professions. He
is a former director of the Central Bank of Malta and former member of the Monetary Policy
Committee, former chairman of Bank of Valletta plc., Maltacom plc., and Middlesea Insurance
plc. as well as Chairman of the National Commission for Higher Education. In 2005 he
was appointed by the Prime Minister of Malta as the Chairman of the National Euro Changeover
Committee. In July 2013, Pope Francis appointed him President of the Commission for
the reforms of the economic and administrative structures of the Holy See. He sits
on a number of boards of directors of both private and listed companies operating
in financial services, oil services, transportation, retailing and accommodation.
Jean-Baptiste
de Franssu is Chairman of INCIPIT, an M&A advisory and consulting firm. Up to the
end of October 2011 he was Chief Executive Officer of Invesco Europe and a member of
the Invesco Worldwide management committee. Before joining Invesco in 1990, Jean-Baptiste
was a Director of Groupe Caisse des Dépôts et Consignations in France, and prior
to this a Financial Editor at INVESTIR magazine. Jean-Baptiste is a graduate of
the ESC Group Business School in Reims, France and holds a BA in European Business
Administration from Middlesex University in the UK. He also holds a postgraduate
degree in Actuarial Studies from Pierre and Marie Curie University in Paris. In
June 2009 he was elected President of the European Fund and Asset Management Association
(EFAMA). His mandate ended in June 2011. Jean-Baptiste was also a member of the
European Commission's asset management expert group on UCITS regulatory regime evolution.
He was Chairperson of the Think Tank Group on Thought Leadership in Asset Management
that released 3 key publications including one in January 2009 on the key challenges
faced by UCITS post credit crisis, with the support of European commissioner McGreevy.
In 2009 he was Elected European fund industry personality of the year. He has, over the
years, contributed to many publications and seminars on issues relating to regulation
and supervision of asset management activities. Since 2013, Jean-Baptiste has been
a member of the Pontifical Commission for Reference on the Organization of the
Economic-Administrative Structure of the Holy See. Jean-Baptiste is non-executive
director of TAGES LLP, Carmignac Gestion S.A. and ACOFI SCA. He is also a member
of various boards of European and US charities. He is married with Hélène de Gerlache
de Gomery and they have 4 children.
John F. Kyle retired in 2008 as Vice-President
and Treasure of Imperial Oil Limited in Canada after 34 years of service. Born
in the United States on January 16, 1943, he is a dual citizen of Canada and the
United States. Dr. Kyle obtained his Ph.D. in economics from the University of
Wisconsin in 1971. Early in his professional career he taught economics at Northwestern
University in Evanston, Illinois and also at New York University. He moved to Canada
in 1976 and joined Imperial Oil where he held a number of executive positions with
Imperial and its parent company, ExxonMobil Corp prior to becoming Vice President
and Treasurer in 1991. Dr. Kyle is a member of the Board of Directors of the Canadian
Catholic Bioethics Institute in Toronto, and has been a member of the Council of
International Auditors of the Prefecture for the Economic Affairs of the Holy See
since 2005. He was a member of the Finance Council of the Archdiocese of Toronto
from 1991 to 2005, and a member and chair of the audit committee of the Board of
Catholic Cemeteries of Toronto. He was also a member of the Board of Directors
of Saint Joseph’s Health Centre in Toronto from 1992 to 2003, and served as Board Chair
from 1998 to 2003. From 2003 to 2005 he was a member of the board of directors of
The St. Joseph's Health Centre Foundation. He and his wife Judith currently
divide their time between Naples, Florida, Canada and Alaska.
Enrique Llano
Cueto is an Economist from the University of Madrid and a Chartered Accountant. He
began his career at Deloitte Haskins and Sells (now Deloitte and Touche) where he served,
during more than fifteen years, audit clients in the industry as well as in the financial, insurance
and in the health care sector as director and audit partner. He was elected in 1986 member
of the Partnership Board until 1988. Between 1988 and 2008, he was audit partner of KPMG
Peat Marwick (now KPMG), responsible for Infrastructure, Government and Public Health
line of business and lead partner responsible for services rendered worldwide to certain major
clients in the public and private sectors. He served on the Partnership Board for
several terms. At present, he is an independent adviser to middle size and family
business companies. He is also a former independent director and chairman of the
audit committee of NCG Bank SA. Enrique is member of several business associations
and of the Spanish Chapter of Club de Roma. Since 2013, Enrique has been a member
of the Pontifical Commission for Reference on the Organization of the Economic-
Administrative Structure of the Holy See.
Jochen Messemer, 47 years old, lives
in Düsseldorf, Germany. He is a former Partner of McKinsey&Company (1993-2003),
where he served clients in the Health Care and Financial Service Industry. During
that time he has also worked for various institutions of the Catholic Church in
Germany. He has been an International Auditor of the Prefecture for Economic Affairs
of the Vatican and the Holy See since 2009 and a member of the Pontifical Commission
for Reference on the Organization of the Economic-Administrative Structure of the
Holy See since 2013. He is a Senior manager with experience in the insurance and
health care industry. Since 2004 he is working for the ERGO Insurance Group. He
was Member of the Board of DKV Health Insurance Company (2003-2010). Since 2009
he is responsible for the International Insurance Business of ERGO as Chairman
of the Board of Ergo International Ltd. He holds a PhD in Economics and an MBA
in Business Administration.
Francesco Vermiglio is Full Professor of Business
Administration at the University of Messina since 1987. From 1991 to 2006 he also
taught Business Administration and Cost Accounting at the University "LUISS Guido
Carli" in Rome. His main academic interests lie in accounting, company valuation
and corporate social responsibility. He is founding member and former chairman
of GBS, the national study and research group that drafted and maintains the social
reporting standards for Italian private companies and Public Administrations. He
was member of the Executive Committee of the OIC (Organismo Italiano Contabilità), the
institution that defines and maintains the Italian Accounting Standards and contributes
to the development of the International Accounting Principles and Standards. In
1968 he was awarded the Chartered Accountant and Chartered Auditor professional designation. He
is serving as a consultant on matters related to accounting, company valuation and corporate
finance to various organizations, including several public institutions. He was
a board member for several companies and banks including Banco di Sicilia and Bank
of Valletta (Malta). From 1992 to 2013 he was in the Board of Directors of the
Diocesan Institute for the support of the Clergy of the Dioceses of Messina, Lipari
and S. Lucia del Mela (Istituto Diocesano per il Sostentamento Clero delle Diocesi
di Messina, Lipari e S. Lucia del Mela). Francesco is member of several scientific
associations and author of more than 50 scientific publications.
George
Yeo, age 59, has been the Chairman of Kerry Logistics Network since August 2012. From
1988 to 2011, Mr. Yeo served for 23 years in the Singapore Government, as Minister of
State for Finance, then as Minister for Information and the Arts, Health, Trade and
Industry, and Foreign Affairs. Prior to 1988, Mr. Yeo served in various capacities
in the Singapore Armed Forces, including Chief-of-Staff of the Air Staff and Director
of Joint Operations and Planning in the Defence Ministry, attaining the rank of
Brigadier-General. Mr. Yeo chairs the International Advisory Panel of India's Nalanda
University, and is a member of the Foundation Board of the World Economic Forum,
the Berggruen Institute on Governance, the Asia-Pacific Advisory Board of Harvard
Business School, the International Advisory Board of IESE Business School, the
Economic Development Commission, Hong Kong. In 2013, Mr. Yeo was appointed a
member of the Pontifical Commission for Reference on the Economic-Administrative
Structure of the Holy See. Mr. Yeo has been an independent nonexecutive director
of AIA Group Limited (a listed company on the Hong Kong Stock Exchange with stock
code 1299) since November 2012. Mr. Yeo was awarded the Philippines’ Order of Sikatuna,
India’s Padma Bhushan and Australia’s Honorary Officer of the Order of Australia. Mr.
Yeo graduated from Cambridge University in engineering in 1976 and also obtained a master
of business administration degree from Harvard Business School in 1985. In addition,
Mr. Yeo was a visiting scholar to Peking University from September to December
2011 and remains a visiting scholar at the Lee Kuan Yew School of Public Policy.