At the proposal of the Federal Minister for Economic Affairs and Energy, Sigmar Gabriel, the German cabinet has proposed to the Federal President the appointment of Professor Dr. Isabel Schnabel, Johannes Gutenberg University Mainz, for the term until 28 February 2017 for the German Council of Economic Experts. After her appointment by the Federal President Professor Schnabel will succeed Professor Dr. Claudia M. Buch, who has declared her resignation from the Council on 30 April 2014 due to taking office as Vice-President of the Deutsche Bundesbank.