WEF Appoints Blackrock CEO As Interim Chair
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WEF Appoints Blackrock CEO As Interim Chair
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In April of this year, Klaus Schwab stepped down from his position as chair of the World Economic Forum, leaving behind a globalist power vacuum. Now, however, according to a recent news release, it appears that power vacuum has been filled.
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From the World Economic Forum (WEF):
Geneva, Switzerland, 15 August 2025 – The Board of Trustees of the World Economic Forum has concluded a comprehensive investigation of allegations raised by anonymous whistleblowers. In line with our commitment to transparency and integrity, the Board commissioned a reputable and independent law firm to conduct the investigation, ensuring a detailed, fact-based and impartial process.
Following a thorough review of all facts, the Board has concluded that, while the organization must evolve toward a more institutional model, there is no evidence of material wrongdoing by Klaus Schwab. Nor is there any evidence of any misconduct by Hilde Schwab, who has supported the Forum for over five decades without any remuneration. Minor irregularities, stemming from blurred lines between personal contributions and Forum operations, reflect deep commitment rather than intent of misconduct. The Board has taken action to address all issues identified throughout the investigation, including strengthening the governance in general.
The news release begins by mentioning the investigation into Schwab. As we covered in late April, Schwab was accused of misappropriating funds, using them for personal services like massages instead of official business. The WEF notes in this release that the investigation is over and Schwab was cleared of any wrongdoing.
Overall, this is quite mundane. The more interesting story, however, comes closer to the end of the news release, in the final sentence of one of the final paragraphs. Now that the investigation is over, the WEF is choosing new leaders:
With the completion of the investigation, Peter Brabeck-Letmathe has stepped down from his role as interim Chairman. The Board thanks Peter for his invaluable contributions to the World Economic Forum during his 30 years of membership at the Board of Trustees and for his strong leadership and steady guidance throughout the investigation period. The Board of Trustees has selected André Hoffmann and Larry Fink as the interim Co-Chairs of the World Economic Forum.
Larry Fink, CEO and co-founder of Blackrock, will be taking over as one of the interim chairs. Blackrock is another dangerous, leftist groups. IFA has covered the group before, and savvy intercessors will know just how dangerous this asset and investment manager is.
Fink was identified as the interim chair, so it’s unknown exactly how long he’ll spend steering the WEF. As he takes up this new position though, it’s important that we pray. Let’s pray for Fink to come to know Christ, and let’s pray against the globalist, far-left schemes of the WEF!
How are you praying about this leadership change in the WEF? Share your thoughts and prayers below.
(News release from the World Economic Forum. Photo Credit: Smith Collection/Gado/Getty Images)
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Looks like more of the same to me. I pray Lord, that by Your great mercy and grace, that the World Economic Forum will become irrelevant in its mission to promote globalism. Thank you Jesus.