Mayor Lori E. Lightfoot and World Business Chicago (WBC) Vice-Chair Mellody Hobson announce that Michael Fassnacht has been tapped to serve as President & CEO of World Business Chicago.

Fassnacht, who serves as Chief Marketing Officer (CMO) for the city of Chicago, a position held within WBC, has led the economic development organization, in an interim capacity, since January 2021.

“Getting through and beyond economic recovery requires a steady grip, focus and expertise. Michael brings that and more to the City of Chicago,” said Mayor Lightfoot. “Time and time again, Michael has demonstrated his passion for inclusive economic development and investment while simultaneously creating eye-catching and memorable marketing initiatives that center the authenticity of our residents. I am thrilled that he will continue supporting our city in his dual roles as my Chief Marketing Officer and president and CEO of World Business Chicago.”

WBC is a public-private, non-profit partnership that drives inclusive economic development, job creation, supports business and promotes the city as the place for international businesses to invest. Mayor Lightfoot serves as organization chair, Mellody Hobson, vice-chair, supported by 86 board members and executives.

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