WEF Names BlackRock CEO Larry Fink as Interim Co-Chair

The World Economic Forum (WEF) has appointed Larry Fink, Chief Executive of BlackRock, as interim co-chair of its Board of Trustees, alongside André Hoffmann, Vice-Chair of Roche Holding. The decision comes at a time of leadership transition within the Forum, following the conclusion of an independent investigation into its founder, Klaus Schwab.

The inquiry, which began earlier this year after whistleblower allegations, examined whether Schwab or his wife, Hilde, had misused their positions. The investigation found no evidence of wrongdoing, though it did highlight blurred boundaries between personal and professional matters. With the review now closed, Peter Brabeck-Letmathe, who had been serving as interim chair, stepped down, opening the way for a dual interim leadership model.

Fink, one of the most influential figures in global finance, brings decades of experience steering BlackRock, the world’s largest asset manager with more than $10 trillion under management. Hoffmann, a Swiss businessman with deep roots in global health and sustainability, complements Fink’s financial expertise. Together, they will help guide the WEF’s governance while the organization prepares for longer-term leadership decisions.

In a joint statement, the new interim co-chairs described this as a “pivotal time” for the Forum, stressing the importance of its role as a neutral platform to bring together governments, corporations, and civil society to address global challenges. They also pledged to strengthen transparency and accountability within the organization as it adapts to heightened scrutiny of its influence and operations.

The appointments set the stage for the Forum’s next annual meeting in Davos, scheduled for January 2026. With Fink’s global financial perspective and Hoffmann’s sustainability focus, the WEF is signaling an effort to balance economic leadership with long-term social and environmental priorities.