Marc Niederkorn, Vincent Thurmes, Yuriko Backes, Franz Fayot and Carole Bruckler (left to right) presented the composition of the SCNI’s new board of directors. Photo: Ministry of Economy

Marc Niederkorn, Vincent Thurmes, Yuriko Backes, Franz Fayot and Carole Bruckler (left to right) presented the composition of the SCNI’s new board of directors. Photo: Ministry of Economy

The Société Nationale de Crédit et d’Investissement (SCNI) on 26 September met with finance minister Yuriko Backes (DP) and minister for the economy Franz Fayot (LSAP) after cabinet approved the composition of its new board of directors.

The SCNI has found a new director, appointing Marc Niederkorn for the position. Niederkorn has been active in business consulting for 30 years--during which he was among other the office location manager for McKinsey & Company Luxembourg.

A press release from the finance and economy ministries says the new director “decided to pursue his commitment to the Luxembourg economy by joining the SNCI.” His appointment will be effective from 1 October.

Founded in 1978, the SNCI is a public-law banking institution designed to encourage business investments, startups and research initiatives. It is wholly owned by the Luxembourg state.

Also from 1 October, Vincent Thurmes, senior advisor at the finance ministry, has been appointed chairman of the SCNI board of directors. Carole Bruckler, head of digital health technologies at the economy ministry, has been appointed vice-president and member of the board.

Gilles Scholtus, Jean-Louis Thill, André Roeltgen, Patrick Dury, Paul Zimmer, Marc Wagener, Carlo Thelen, Tom Wirion and Norry Dondelinger saw their mandate as members of the board of directors renewed for another five years.