Open Society Foundations president Mark Malloch-Brown departs, replaced by Binaifer Nowrojee; restructuring includes staff cuts, new operating model, and grantmaking pause.
George Soros' $25bn Open Society Foundations has announced the departure of its president, Mark Malloch-Brown, with a senior leader, Binaifer Nowrojee, replacing him. The change comes after a large restructuring of the foundations and the appointment of Alex Soros as chair of its board. The transition involved cutting up to 40% of staff worldwide and moving to a new operating model, with a pause on new grantmaking for six months.
March 11, 2024
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