The LDS Church’s New Apostle: Gérald Caussé
Gérald Caussé, a key figure in The Church of Jesus Christ of Latter-day Saints, became the church’s newest apostle on Thursday. He was appointed to the Quorum of the Twelve Apostles, filling a vacancy following the death of President Russell Nelson and the October appointment of President Dallin Oaks.
Role and Responsibilities
At 62 years old, Caussé joins this all-male governing body that ranks just below the church president and his two counselors. Apostles play a crucial role in setting church policy and overseeing the church’s business ventures.
Financial and Temple Leadership
A native of France, Caussé spent the last decade as presiding bishop, responsible for managing the church’s finances and welfare programs.
- He oversaw a significant increase in humanitarian spending.
- He led a global expansion of temples, where the church’s most sacred ceremonies occur.
Church Finances and Business Interests
While the church does not publicly discuss its finances, Ensign Peak Advisors Inc., its investment arm, has a portfolio valued at approximately $58 billion.
The church’s business holdings are diverse and include:
- Real estate and farms
- Publishing and life insurance
- Nonprofits and universities
- The Polynesian Cultural Center in Hawaii
- An upscale open-air shopping mall in Salt Lake City
“Apostles help set church policy while overseeing the faith’s many business interests.”
“Under his leadership, the church increased its humanitarian spending and dotted the globe with lavish temples where the faith’s most sacred ceremonies take place.”
Author’s summary: Gérald Caussé’s appointment brings financial expertise and leadership in humanitarian and temple growth to the senior ranks of the LDS Church.