The President and chief executive of the World Economic Forum, Børge Brende, has announced his resignation following an investigation by the forum into his links with sex offender Jeffrey Epstein.
As the Financial Times Reported, Brende stressed that his decision to step aside after more than eight years in the role came “after careful consideration”.
He noted his gratitude for the incredible collaboration with colleagues, partners and constituents, and 'I believe now is the right moment for the Forum to continue its important work without distractions,”
The WEF, known for its annual summit in Davos, Switzerland held annually in January, launched the probe earlier this month following the release of millions of files on the late sex offender Epstein by the US Department of Justice.
Brende is the latest high-profile figure to be caught up in the fallout from the release of the Epstein files, following former US Treasury secretary Lawrence Summers’ decision this week to step down from his teaching role at Harvard University.
As Reuters reports, Hillary Clinton, the former US secretary of state and first lady, will testify later today before US congressional lawmakers’ investigation into Epstein.
In a statement, co-chairs of the WEF André Hoffmann and Larry Fink expressed their appreciation for 'Brende's significant contributions to the World Economic Forum'.
They further noted his instrumental dedication and leadership during a pivotal period of reforms for the organisation, leading to a successful annual meeting in Davos.
Alois Zwinggi will serve as interim president and chief executive while the board oversees the leadership transition.
The DoJ’s trove of files shows iMessage exchanges between Epstein and Brende in 2018 and 2019. In one message after a dinner, Brende wrote: “thx for a very interesting dinner … You’re a brilliant host. Warmly, Borge,” later adding: “Missing you Sir. Borge.”
In another exchange, after Epstein outlined advice he was giving to a Middle Eastern leader, Brende responded: “Concur. I’m glad you’re giving him council.”
The two also discussed Davos and potential attendees.
The documents also indicate that Epstein appeared to target senior figures connected to the WEF, including Brende, seeking introductions and influence at Davos.
The resignation comes at a particularly sensitive moment for the Swiss organisation, long regarded as a stable convening platform for political and business elites but increasingly facing scrutiny from multiple directions.
In recent years the forum has grappled with criticism over its governance.
Founder Klaus Schwab, who had led the forum since its founding in 1971, stepped down as chair of the board in April 2025 amid internal scrutiny prompted by whistleblower allegations and questions about governance.
The probe into Brende’s relationship with Epstein — in addition to ructions caused by Schwab’s exit — has disrupted succession planning for the role of WEF chair.
European Central Bank president Christine Lagarde, who was Schwab’s chosen successor, is “no longer a foregone conclusion” to take over the post, the FT reported earlier this month.
SOURCE: REUTERS, NY TIMES, FINANCIAL TIMES