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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 begun the process of stepping down as chair of the World Economic Forum’s board of trustees, according to the Geneva-based institution's confirmation.
  • The process is expected to be completed by January 2027, according to a statement from the World Economic Forum.
  • Schwab's departure reportedly surprised board members, given his recent transition into the role and commitment to global issues.
  • The World Economic Forum is also searching for a new chairperson amid ongoing leadership changes.
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Financial Times broke the news in London, United Kingdom on Thursday, April 3, 2025.
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