Melinda French Gates has announced her resignation as co-chair of the Bill & Melinda Gates Foundation, a philanthropic powerhouse she founded with her ex-husband, Bill Gates.
In a statement posted on X, Melinda Gates expressed her decision, stating, “The time is right for me to move forward into the next chapter of my philanthropy.”
She emphasized her commitment to dedicating an additional $12.5 billion to her charitable efforts focused on supporting women and families.
Melinda Gates’ resignation will take effect on June 7, marking a significant transition in the foundation’s leadership.
The couple had previously committed to working together following their divorce in 2022, but Melinda Gates has now decided to part ways with the foundation they built together.
Reflecting on her departure, Melinda Gates expressed pride in the foundation’s achievements over the years, highlighting its efforts to address global inequities.
She plans to share more details about her future philanthropic endeavors soon.
In response to Melinda Gates’ resignation, the foundation announced a name change to the Gates Foundation, with Bill Gates assuming the role of sole chair.
CEO Mark Suzman expressed regret over Melinda Gates’ departure but expressed confidence in her future impact in philanthropy.
Bill Gates also commented on his ex-wife’s decision, expressing gratitude for her contributions to the foundation and her commitment to making a difference in the world. He reaffirmed his dedication to continuing the foundation’s work and improving the lives of millions globally.
Melinda Gates’ exit had been anticipated since the couple’s divorce announcement in 2021. As part of their separation agreement, Melinda Gates will receive personal resources from Gates for her philanthropic work, separate from the foundation’s endowment.
The Bill & Melinda Gates Foundation, with a mission to enhance health care, education, and poverty reduction worldwide, has been a significant force in global philanthropy.
