Swiss President Guy Parmelin announced today that he will resign from the Federal Council at the end of the year, ending more than a decade of service in the country's executive branch.

Parmelin, 66, made the announcement at a press conference in Bern following the weekly Federal Council meeting. The right-wing Swiss People's Party politician, who has served as economy minister since 2019 and holds the rotating presidency for 2026, cited a desire to allow new energy into government amid uncertain times. He ruled out health concerns and described a growing sense of weariness after 11 years in office.

"By then, it will have been 11 years since I was elected to this role, and the time has come for me to make way for new energy in these times of great uncertainty," Parmelin said. He added that he would continue working until December 31.

Parmelin joined the Federal Council in late 2015 as a representative of the Swiss People's Party, first heading the defense ministry before moving to the economy portfolio. He previously served as president in 2021. His departure comes as Switzerland prepares for federal elections in October 2027 and follows recent leadership changes in key economic roles.

The Swiss People's Party is expected to retain the seat on the seven-member Federal Council under the country's long-standing power-sharing arrangement. Parliament will elect his successor, likely in December.

Parmelin, a winemaker from the French-speaking canton of Vaud, has been the longest-serving member of the current Federal Council. His tenure included navigating major challenges such as the COVID-19 pandemic, energy issues, and international trade negotiations, including a deal with the United States.

Rumors of his possible retirement had circulated in recent weeks. His exit opens a succession process within his party and the broader government structure ahead of next year's elections.