Mayor Brandon Johnson and World Business Chicago Vice-Chair Charles Smith announced that Philip B. Clement has been selected to serve as president and CEO of World Business Chicago (WBC).

“Philip B. Clement is an exceptional leader with a remarkable track record of driving growth, fostering innovation, and championing inclusivity,” said Johnson. “His commitment to authenticity, sustainability, and diversity will ensure that our city’s economic development efforts are equitable and impactful for all Chicagoans.”

Clement’s appointment follows the resignation of Michael Fassnacht, who took over as president and CEO of WBC in early 2021. Fassnacht left WBC earlier this year to serve as Clayco’s first-ever chief growth officer.

Prior to joining World Business Chicago, Clement served as Global Chief Marketing Officer at Johnson Controls. Previously, he spent 12 years as Global Chief Marketing Officer for Aon, and before that, he launched a number of tech companies and his own consultancy.

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