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Klaus Schwab steps down as chair of World Economic Forum’s board of trustees, but to remain until successor is appointed

  • Klaus Schwab has stepped down from his roles as Chair and board member of the World Economic Forum, ending a 55-year tenure at the organization as he approaches his 88th birthday.
  • The World Economic Forum's Board acknowledged Schwab's achievements and appointed Vice Chairman Peter Brabeck-Letmathe as interim Chair.
  • Details on Schwab's future role and the permanent succession plan for his position have not yet been announced.
  • Schwab plans to focus on writing his memoirs, reflecting on the significance of his announcement made 55 years after conceptualizing a global village.
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Financial Times broke the news in London, United Kingdom on Thursday, April 3, 2025.
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