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Prince William<\/a><\/strong> just announced a major royal shake-up as he revealed a key individual is stepping down.<\/p>\n On April 17, Prince William, 42, shared that Earthshot Prize<\/a> CEO Hannah Jones<\/strong> decided to “pass the baton” and step down from her role after four years in the position.<\/p>\n \ud83c\udfac <\/strong>SIGN UP for Parade’s Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox<\/strong><\/a> \ud83c\udfac\u00a0<\/strong><\/p>\n Jason Knauf<\/strong>, the former chief executive officer of William’s Royal Foundation, will take her place as CEO this summer.<\/p>\n \u201cAs the first CEO, Hannah has built the prize into a world-class organisation with an incredible team,” Prince William said in a statement<\/a>.<\/p>\n He added that she “power[ed] a platform for speeding solutions to scale, and catalysing a movement to encourage young people, spark imaginations and infuse urgent optimism across the world.”<\/p>\n Jones will continue to “provide strategic advice on innovation and sustainability to Kensington Palace,” according to the news release.<\/p>\n Meanwhile, Prince William expressed optimism about Knauf’s capabilities.<\/p>\n He explained, \u201cAs we look ahead to the future of the prize and the urgent work needed to scale more inspiring solutions to the world\u2019s greatest challenges, I look forward to working with Jason to chart the course for the next five years of The Earthshot Prize and beyond.\u201d<\/p>\n