The Board of Trustees of the World Economic Forum has elected Jim Yong Kim, President, The World Bank, Washington DC; and Marc R. Benioff, Chairman and Chief Executive Officer, Salesforce, USA, as its new members.
In accordance with the World Economic Forums status as the International Organization for Public-Private Cooperation, as recognized by the Swiss Federal Council in January 2015, the Forum updated its governing body from Foundation Board to Board of Trustees in August. The Board of Trustees is set up to support the Forums mandate to serve as a representative group of key global stakeholders.
Jim Yong Kim brings two decades of experience in international development to the Foundation Board.
Under his presidency, the World Bank adopted in 2012 two goals: ending extreme poverty by 2030; and boosting shared prosperity for the bottom 40% of the population in developing countries. He also possesses vast experience in healthcare, having led the World Health Organizations HIV/AIDS department between 2003 and 2005, during which time WHO introduced the 3 by 5 initiative, the first-ever global goal for AIDS treatment.
Marc R. Benioff is a 35-year veteran of the software industry. Having co-founded Salesforce.com in February 1999, he has served as its chief executive officer since November 2001. Alongside his business career, he is well known for his philanthropic work, as well as for taking a crusading stand in favour of LGBT rights and other important issues.
The Board of Trustees reflects the multistakeholder concept on which the World Economic Forum is built and which is fundamental to our role as the International Organization for Public-Private Cooperation. In playing an active role in setting the strategic framework for the Forum, the board acts as a guardian of our independence and impartiality, said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.