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World Business Chicago’s Interim Leader Named CEO Permanently

Michael Fassnacht has been named president & CEO of World Business Chicago on a permanent basis. Fassnacht, who serves as the city of Chicago’s chief marketing officer, a position held within WBC, has led the economic development organization in an interim capacity since January.

“On behalf of the board of directors, we want to offer our sincerest thanks to Michael for helping lead our organization during a challenging time for our city, country and world,” said Mellody Hobson, WBC vice chair and co-CEO and president of Ariel Investments. “The momentum is building, and Michael’s continued efforts will be essential as we look to ensure an equitable and inclusive economic recovery for all of Chicago.” 

Fassnacht said, “From our city’s 77 neighborhoods to our commercial centers, business districts and corridors to downtown, we are one city. History has proven, over and over, we are resilient and imaginative and innovative.”


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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