The president and chief executive of the World Economic Forum (WEF), Borge Brende, has resigned amid mounting scrutiny over his connections to the disgraced financier Jeffrey Epstein. Brende, who led the organization for over eight years, announced his departure after an independent review was launched by the forum into his admitted interactions with Epstein.
Epstein Links and Denials
Brende, a former Norwegian foreign minister, confessed to dining with Epstein on three occasions between 2018 and 2019. He claimed he was unaware of Epstein's criminal history, which includes a 2008 conviction for soliciting prostitution from a minor. In November, Brende initially denied any contact with Epstein but later reversed his stance when documents released by the US Department of Justice revealed texts and emails between the two.
WEF Review and Statement
The Geneva-based WEF stated that its review concluded "there were no additional concerns beyond what has been previously disclosed." However, the controversy has prompted Brende to step down, citing a desire to avoid distractions for the organization. In a statement, Brende expressed gratitude for his colleagues and partners, emphasizing that now is the right time for the forum to continue its work without disruption.
Broader Fallout from Epstein Scandal
Brende's resignation adds to a growing list of prominent figures who have faced repercussions over ties to Epstein. Earlier this week, Larry Summers, former US treasury secretary and Harvard University president, announced he would resign from teaching at the end of the academic year due to an ongoing review of Epstein-related documents. Last week, billionaire Thomas Pritzker stepped down as executive chair of Hyatt hotels after admitting to "terrible judgment" in maintaining contact with Epstein and Ghislaine Maxwell, who was convicted in 2021 for her role in recruiting underage girls.
Leadership Transition at WEF
In a joint statement, WEF co-chairs Andre Hoffmann and Larry Fink praised Brende's contributions, noting his leadership during a pivotal period of reforms and successful annual meetings in Davos. They respected his decision to step down, highlighting the forum's commitment to moving forward without distractions. This development underscores the ongoing impact of the Epstein scandal on global institutions and their leaders.
