U.S. Secretary of State Marco Rubio and former U.K. Prime Minister Sir Tony Blair were named as founding members of the Trump administration's "Board of Peace" for Gaza, the White House announced on Friday. Trump's Middle East envoy Steve Witkoff and the president's son-in-law Jared Kushner will also sit on the "founding executive board," according to the statement.

President Trump will act as chairman of the board, which is part of his 20-point plan to end the war between Israel and Hamas. The board is expected to temporarily oversee the running of Gaza and manage its reconstruction.

Other members of the founding executive board include Marc Rowan, the head of a private equity firm; World Bank chief Ajay Banga; and U.S. National Security Advisor Robert Gabriel. The White House statement indicated that each member would have a portfolio "critical to Gaza's stabilization and long-term success."

Trump had announced the board's formation on Thursday, describing it as the "Greatest and Most Prestigious Board ever assembled at any time, any place." The specific roles and responsibilities of each member were not immediately detailed in the initial announcement.

The formation of the "Board of Peace" comes amid ongoing efforts to establish a lasting ceasefire and address the humanitarian crisis in Gaza. The board's mandate includes managing the reconstruction efforts, which are expected to require significant international investment and coordination. The involvement of high-profile figures like Blair and Rubio suggests an attempt to garner broad international support for the initiative.

The initiative faces considerable challenges, including navigating the complex political landscape in the region and securing the cooperation of various stakeholders, including Israel, Hamas, and other international actors. The long-term success of the board will depend on its ability to address the underlying causes of the conflict and create a sustainable path towards peace and stability in Gaza. Further announcements regarding the board's operational plans and specific projects are expected in the coming weeks.