President of Soros’ Foundation Leaves After Son Takes Charge
- Mark Malloch-Brown will be replaced by Binaifer Nowrojee
- Alex Soros took control of OSF from his father last year
The president of George Soros’ $25 billion Open Society Foundations is stepping down in the latest change since the 93-year-old billionaire’s son took over the charity.
“I always intended to be a bridge between George Soros’s OSF and that of Alex Soros,” Mark Malloch-Brown said Monday in an email to OSF employees seen by Bloomberg News. “Now that Alex has fully taken over as chair and we have largely completed a restructuring of OSF it seemed the right time, after more than three years, to step down and let him put in place his own team.”