BlackRock’s Fink and Hoffmann Named Interim WEF Co-Chairs Following Leadership Transition

BlackRock Inc. CEO Larry Fink has been appointed as interim co-chair of the World Economic Forum (WEF), joining André Hoffmann, vice chairman of Roche Holding AG. The decision marks a leadership transition at the WEF following an internal board review that found no evidence of material wrongdoing against founder Klaus Schwab [1]. The two will share interim leadership responsibilities as the organization shifts toward a more institutionalized governance model.

Fink, who has been a member of the WEF board since 2019, brings extensive experience in asset management and global financial markets. Under his leadership, BlackRock has played a pivotal role in shaping ESG investment strategies and has been instrumental in the legitimization of digital assets, particularly with the approval of its Bitcoin spot ETF in early 2024. His interim co-chair role is seen as a strategic move to enhance institutional engagement with digital finance and sustainability issues [1].

Hoffmann, on the other hand, brings a strong background in global health and corporate governance. Together, the pair are expected to strengthen the WEF’s commitment to multi-sector collaboration and economic resilience. The board emphasized the importance of this transition in enhancing transparency and institutional accountability.

The leadership change comes after a period of public discord between Schwab and the WEF board, which led to Schwab’s unexpected resignation in April 2025. The board conducted a comprehensive review and cleared Schwab of any wrongdoing. The interim leadership structure is intended to restore stakeholder confidence while preparing the forum for its next annual meeting in January 2026 [1].

Fink’s and Hoffmann’s appointment reflects the WEF’s evolving priorities, aligning with contemporary global challenges such as climate change, economic inequality, and digital transformation. Their combined expertise in finance and public health positions the organization to continue its role as a catalyst for global dialogue and policy development.

The WEF, a key platform for global leaders, continues to navigate its role in an increasingly complex geopolitical and economic landscape. Fink’s interim leadership is expected to reinforce the organization’s focus on innovation and institutional trust, while maintaining its relevance in a rapidly shifting world.

Source: [1] WEF founder cleared of allegations, board names new temporary leaders (https://caliber.az/en/post/wef-founder-cleared-of-allegations-board-names-new-temporary-leaders)