The FINANCIAL — The International Chamber of Commerce (ICC) has re-appointed Gerard Worms as Chairman for a two-year term starting 1 July 2011, with current ICC Vice-Chairman, Harold McGraw III, set to succeed him in 2013.
The ICC World Council made the decision during a meeting following the 7th World Chambers Congress, 8-10 June 2011, in Mexico City. ICC Honorary Chairman Victor K. Fung has also been re-appointed for a further one-year term.
More than 70 business members of the ICC World Council – the organization’s main governing body – met to elect the new leaders as well as two new members of ICC’s Executive Board.
The World Council, which meets once a year, made the decision to elect Sheikh Khalifa bin Jassim bin Mohammad Al-Thani from Qatar and Pedro Aspe from Mexico to the Executive Board. Executive Board members are elected for three-year terms.
Mr Worms, who has been Chairman of ICC since March 2011, has more than 50 years of experience in the public and private sectors. He is also Vice-Chairman of investment bank Rothschild Europe and former Chairman and CEO of Suez Group. Mr Worms is a Commander of the French Legion of Honour and was previously Chairman of Banque Indosuez and the insurance group Victoire.
Mr McGraw, who has been ICC Vice-Chairman since January 2011, is also President and CEO of The McGraw-Hill Companies, Chairman of the US Council for International Business, Chairman of the US India Business Council, as well as a member of the US President’s Advisory Committee for Trade Policy and Negotiations (ACTPN).
New Board member Sheikh Khalifa is the Chairman of both ICC Qatar and the Qatar Chamber of Commerce and Industry, as well as a prominent businessman who has served in a range of senior government roles. Mr Aspe, a former Finance Minister of Mexico, is Co-Chairman of Evercore Partners, a leading independent investment banking advisory firm, and CEO of Protego, an advisor in private equity transactions in Mexico.