World Business Chicago Expands Leadership Team to Foster Economic Growth

World Business Chicago Enhances Leadership for Economic Future

On January 14, 2026, World Business Chicago (WBC) took a significant step forward in its mission to propel the city’s economy by announcing the appointment of three new members to its Board of Directors. This strategic move seeks to leverage the expertise of seasoned leaders from various sectors, including entrepreneurship, global finance, and professional services, all of which play a crucial role in Chicago's economic landscape.

The newly appointed board members are:
1. Joe Flanagan, Chairman & CEO of Acquirent.
2. Ross Plagman, Global Chief Financial Officer at Mars Snacking.
3. Jeff King, Managing Partner at KPMG Chicago.

Phil Clement, the President and CEO of World Business Chicago, emphasized the importance of this new board composition by stating, "Chicago is entering an important chapter." He believes that the diverse experiences and insights these leaders bring will be vital in the execution of Chicago 2050, a long-term economic growth strategy designed to transform the city's landscape and business environment.

New Board Members and Their Vision

Joe Flanagan

Joe Flanagan is no stranger to building robust companies. As an entrepreneur based in Chicago, his record includes scaling multiple businesses to multi-million-dollar successes. Flanagan attributes his leadership style to relationship-building and a focus on talent development. He declares, "Chicago is one of the best places in the country to build a company. The talent is deep, and the city has the grit to keep improving." He looks forward to contributing to Chicago 2050 by fostering business growth and creating career opportunities that will not only retain current talent but also attract new talent to the city.

Ross Plagman

With over two decades of experience, Ross Plagman understands the financial currents that can drive a city like Chicago. As the CFO of a leading global consumer brand, he recognizes the significance of disciplined execution in maintaining Chicago’s role as a competitive global hub. Plagman stated, "I look forward to supporting strategies that attract capital, accelerate innovation, and expand opportunity across the region." His insights into global finance will undoubtedly be instrumental in steering Chicago's economic initiatives.

Jeff King

Jeff King brings a wealth of experience from KPMG Chicago, where he leads a team that assists some of the region's most complex businesses. His extensive background over 30 years equips him with a unique perspective on business transformation. King's commitment to advancing the city’s goals is apparent in his statement: "It's a privilege to join World Business Chicago's board as we advance Chicago 2050." He aims to foster competitive solutions that address workforce needs while attracting new investments, thereby strengthening the city’s business ecosystem.

World Business Chicago: A Catalyst for Growth

World Business Chicago serves as the city's primary economic development organization, focused on promoting inclusive growth and creating jobs across the region. In collaboration with the Mayor's Office of the City of Chicago and various public and private partners, WBC aims to position Chicago as a global epicenter for investment and talent. The organization’s ongoing work is centered around the Chicago 2050 initiative, which seeks to deliver measurable outcomes through business attraction, job creation, and inclusive growth strategies.

The appointments of Joe Flanagan, Ross Plagman, and Jeff King reflect a commitment to fostering partnerships and building a resilient economy that not only aims for growth but also inclusivity. As Chicago navigates this transformative period, the wisdom and experience of its new board members will play a pivotal role in shaping its future.

For more information on World Business Chicago and to track the progress of the Chicago 2050 initiative, you can visit their official website at worldbusinesschicago.com.