Stephan Wolf, CEO of the Global Legal Entity Identifier Foundation (GLEIF), will step down from the role on 24 June 2024 after a decade of leading the foundation from its start-up phase to the growing organisation it is today.

In a message to business associates and friends he wrote on LinkedIn:  “Today, I’m reaching out with an important announcement regarding my role as CEO of GLEIF. After a decade of incredible experiences and achievements, I have decided not to seek another term as CEO. On June 24, 2024, I will officially step down, marking the end of a chapter that I am immensely proud of.

Throughout the years, I’ve had the privilege of leading GLEIF through its startup phase to the thriving organization it is today. The decision to step down comes with a sense of fulfillment and confidence in the exceptional team we’ve built. Our Board of Directors and I have carefully considered this transition, and we believe it aligns with the successful maturation of GLEIF.

Rest assured, my commitment to the cause of Legal Entity Identifiers (LEIs) remains unwavering.

As we reflect on the journey so far, it’s clear that GLEIF has overcome challenges and embraced innovations, particularly in our digital strategy. The introduction of the “digital LEI” or verifiable LEI (vLEI) has propelled us forward, opening new avenues for growth and possibilities. As we enter 2024, GLEIF stands strong, and our teams are fully committed to navigating the exciting opportunities ahead.

Looking forward, we see tremendous potential in the upcoming phases of LEI adoption. Initiatives such as LEIs in cross-border payments, the US Financial Data Transparency Act, and the integration of LEIs/vLEIs in international trade and supply chains present exciting prospects. The team is steadfast in their commitment to capitalize on these opportunities and drive further success.

I want to express my sincere gratitude to our Board of Directors and esteemed Alumni for their unwavering support. Working with more than 40 Directors over the past decade has been a privilege, and their contributions have been instrumental in our collective success. I would also like to thank our LEI Issuing Partners (LOUs) for their unparalleled commitment to quality and service. I am equally grateful and excited for the enormous network of business partners and all LEI stakeholder groups, who are invaluable to our shared mission. My heartfelt thanks also extend to the entire GLEIF management team and employees. Leading such a talented and dedicated group has been an absolute honor.

Lastly, I thank the global regulatory community and the ROC for their trust, excitement, and collaboration throughout our journey. Their partnership has been invaluable, and I am grateful for the shared experiences.

The future of the LEI/vLEI holds great promise, and I am confident that GLEIF will thrive under the capable leadership that will guide us into the next chapter.

Thank you for being a part of this incredible journey.”

Source:  Stephan Wolf on LinkedIn

Editorial Comment:  Stephan Wolf participated in several of our conferences as a panelist.  We thank him for his contribution.  We admired his stamina in tackling a difficult mission in introducing a new identity standard in form of the Legal Entity Identifier.  We wish him lots of success in his next endeavor.