22 U.S.C. § 283a — Appointment of officers; term of office; salary

(a) Governor and alternate governor: The President appoints a governor of the Bank and an alternate governor, with the advice and consent of the Senate. Each serves a term of five years, but stays in office past that until someone is appointed to replace them. (b) Executive director and alternate executive director: The President also appoints an executive director of the Bank and an alternate executive director, again with Senate advice and consent. Unless article XV, section 3 of the agreement says otherwise, the executive director's term is three years, and that person also stays in office until a successor is appointed. (c) Compensation: None of these officials — the governor, the alternate governor, or the executive director — may receive any salary or other pay from the United States for doing this job.