Approved by the Board on: 09 July 2024
In order to ensure leadership continuity through the 8th Replenishment and a robust selection process for the next Executive Director, the Board decides to extend the term of Peter Sands, as the Executive Director of the Global Fund, until the end of 2026 or the commencement of the term of the next Executive Director, if sooner. The next Executive Director is projected to commence his/her term before the end of 2026 and ideally by the November 2026 Board Meeting.
The Board mandates the Chair and Vice-Chair of the Board to attend to the extension of the employment agreement of the Executive Director, with due consideration for a successful transition between the outgoing and incoming Executive Director.
The Board extends its appreciation to Mr. Sands for his service to date as Executive Director and for his dedication to contributing to a successful leadership transition at the end of his tenure as Executive Director.