Printed on Fri Aug 12 2022 5:41:28 AM

'Candidates of Gates Foundation will be announced in next year'

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Gates Foundation
The Gates Foundation has described back-up plans in case its co-chairs cannot work together in the wake of their divorce. The deal gives Bill and Melinda Gates a two-year trial, after which Melinda could resign from the organisation.

Under the agreement, Melinda Gates would also receive "personal resources" from her ex-husband for her own charity work.

Melinda said she was "deeply proud" of what the organisation has achieved.

In a statement, she added: "I believe deeply in the foundation's mission and remain fully committed as co-chair to its work."

The agreement comes after question marks were raised over the future of the organisation when the couple announced they were divorcing after 27 years of marriage.

The billionaires run the charitable foundation, which has worked on initiatives such as fighting infectious diseases and encouraging vaccinations for children.

Melinda Gates will remain as a trustee during the "trial period", although it was announced in a blog post on Wednesday that the foundation will recruit new trustees to oversee its work.

Its chief executive Mark Suzman said the successful candidates will be announced in January next year.

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