BySiladitya Ray

BySiladitya Ray,

Forbes Staff.

Borge Brende, the CEO of the World Economic Forum, resigned Thursday, weeks after the organization opened an independent probe into his ties with Jeffrey Epstein—marking the latest high-profile fallout after the Justice Department’s release of documents linked to the convicted sex offender.

In a statement, Brende said he was stepping down after “careful consideration,” adding, “now is the right moment for the Forum to continue its important work without distractions.”