WEF CEO Borge Brende Resigns Amid Epstein Ties Scrutiny

WEF CEO Borge Brende resigns amid Epstein scrutiny; interim leader appointed, board oversees transition,
Borge Brende resigns as WEF chief amid scrutiny over past ties to Jeffrey Epstein. Image: Reuters

Borge Brende, president and CEO of the World Economic Forum (WEF), announced his resignation on Thursday, following scrutiny over past interactions with convicted sex offender Jeffrey Epstein. Brende, who led the WEF since 2017, emphasized the need for the forum to continue its work “without distractions,” expressing gratitude for his 8½-year tenure.

Investigation Finds No Further Concerns


The resignation follows U.S. Justice Department disclosures showing Brende attended three business dinners with Epstein and exchanged emails and texts. The WEF commissioned an independent review by outside counsel, which concluded there were no additional concerns beyond those disclosed. Brende did not publicly comment on Epstein in his resignation statement.

Interim Leadership Appointed


The WEF co-chairs, Andre Hoffmann and Larry Fink, confirmed Alois Zwinggi will serve as acting president and CEO. The Board of Trustees will oversee the leadership transition and guide the process of selecting a permanent successor, ensuring that the forum’s global economic initiatives, including the Davos summit, continue uninterrupted.

Brende’s Legacy and Global Impact


Brende, a former Norwegian foreign minister, guided the WEF through global crises, including economic disruptions and climate challenges. His resignation highlights the sensitivity surrounding figures linked to Epstein. As reported by Reuters, the leadership change aims to preserve the forum’s credibility while maintaining focus on global collaboration, innovation, and policy development.

Related

EU proposes new partnership status for Canada

European Commission President Ursula von der Leyen says the EU is ready to explore a new associate membership for Canada, as both sides seek closer cooperation on trade, defence and key industries.

US-Iran war has cost nearly $38 billion, CBO estimates

The six-month war between the United States and Iran has cost the US government nearly $38 billion, according to estimates by the Congressional Budget Office (CBO), which says the cost could rise by another $3 billion every month for as long as the conflict continues.