Russell M. Nelson, Mormon Church President, Dies
Analysis based on 6 articles · First reported Sep 28, 2025 · Last updated Sep 30, 2025
This event has no direct impact on financial markets as it pertains to the leadership transition of a religious organization. The death of Russell M. Nelson and the expected succession of Dallin H. Oaks are internal matters for The Church of Jesus Christ of Latter-day Saints.
Russell M. Nelson, the 17th president of The Church of Jesus Christ of Latter-day Saints, died at his home in United States — Salt Lake City at the age of 101. He served as president from January 2018, becoming the oldest-ever president of the faith. During his tenure, Russell M. Nelson implemented several significant policy changes, including instructing members to stop using the terms 'Mormon' and 'LDS' for the church, repealing rules that banned baptisms for children of gay parents, and severing the church's ties with the Scouting America. He also sharpened rules regarding gender-affirming medical procedures and participation for transgender members. Russell M. Nelson appointed non-American leaders to the church's governing body, shortened Sunday services, and accelerated the construction of new temples worldwide. He also forged a partnership with the NAACP. The church faced scrutiny during his leadership over its handling of sexual abuse reports. Dallin H. Oaks is expected to succeed Russell M. Nelson as president, following church protocol.
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