Bank of America CEO Brian Moynihan has been named co-chair of next year’s World Economic Forum, the annual gathering of global elite in Davos, Switzerland.
Moynihan’s role was announced Thursday, as well as the other co-chairs of the 47th annual meeting set for Jan. 17-20. They are documentary filmmaker Sharmeen Obaid-Chinoy; Helle Thorning-Schmidt, CEO of Save the Children International; Frans van Houten, CEO of Royal Philips; and Meg Whitman, CEO of Hewlett Packard Enterprise.
The forum, whose stated mission is “improving the state of the world,” draws powerful bankers, chief executives, political figures, celebrities and others for panel discussions and networking events in the Alpine ski resort.
Next year’s gathering is themed “Responsive and Responsible Leadership” and is expected to focus on “five critical leadership challenges” for 2017, according to the forum’s website. The list includes strengthening global collaboration, reforming capitalism and preparing for the Fourth Industrial Revolution.
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It marks the first time Moynihan, who has attended the event in recent years, has been made co-chair. According to the forum’s website, co-chairs serve a “principal role in shaping the discussion” at the event.
Moynihan has served as CEO of the Charlotte-based bank since 2010.