Dhaka, June 20: The International Chamber of Commerce (ICC) has re-appointed Gerard Worms as its chairman for a two-year term starting from July 1 this year, with current ICC vice-chairman, Harold McGraw III, set to succeed him in 2013. The ICC World Council made the decision during a meeting following the 7th World Chambers Congress, on June 8-10, in Mexico City. chairman Victor K Fung has also been re-appointed for a further one-year term, says a press release on Monday, says a press release.

More than 70 business members of the ICC World Council – the organisations main governing body – met to elect the new leaders as well as two new members of ICCs Executive Board.

The World Council, which meets once a year, made the decision to elect Sheikh Khalifa bin Jassim bin Mohammad Al-Thani from Qatar and Pedro Aspe from Mexico to the executive board. Executive board members are elected for three-year terms.

Worms, who has been chairman of ICC since March 2011, has more than 50 years of experience in the public and private sectors.

He is also Vice-Chairman of investment bank Rothschild Europe and former Chairman and CEO of Suez Group. Worms is a Commander of the French Legion of Honour and was previously chairman of Banque Indosuez and the insurance group Victoire.