The LDS Church’s New Apostle: Gérald Caussé
Gérald Caussé, a key figure in The Church of Jesus Christ of Latter-day Saints (LDS Church), was appointed as the church’s newest apostle on Thursday. At 62 years old, he fills the vacancy following the death of President Russell Nelson and the subsequent October appointment of President Dallin Oaks.
Role and Significance
Caussé joins the Quorum of the Twelve Apostles, an all-male governing body positioned just below the church president and his two chief counselors. Apostles influence church policy and oversee the church’s extensive business and financial operations. Through his new role, Caussé also enters the line of succession for the church presidency, which is determined by seniority within the Quorum.
Financial Expertise and Leadership
A native of France, Caussé has spent the last decade as the presiding bishop, overseeing the church’s finances and welfare programs. During his tenure, the church enhanced its humanitarian efforts and expanded its global footprint by constructing numerous temples—locations where significant religious ceremonies occur.
Church’s Wealth and Enterprises
- The church’s investment portfolio, managed by Ensign Peak Advisors Inc., is valued at approximately $58 billion based on recent filings.
- Its business operations span real estate, farms, publishing, life insurance, nonprofits, universities, and cultural centers.
- Notable properties include the Polynesian Cultural Center in Hawaii and a luxury 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.”
Caussé’s appointment underscores the church’s focus on financial stewardship and spiritual growth through temple expansion worldwide.
Author’s summary: Gérald Caussé, with deep financial expertise, becomes the LDS Church’s new apostle, leading temple expansion and managing vast church assets globally.