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Davos meet founder Klaus Schwab steps down from WEF board

  • Klaus Schwab, founder of the World Economic Forum , has resigned as chair of its board of trustees, effective immediately, as he stated he is stepping down as he enters his 88th year.
  • The WEF board accepted Schwab's resignation during an extraordinary meeting on April 20, appointing Vice Chairman Peter Brabeck-Letmathe as interim chairman.
  • A committee has been established to select a future chair for the WEF after Schwab's departure, which was announced earlier this month.
  • The WEF, founded in 1971, is recognized for gathering world leaders and business figures to address global challenges, despite facing criticism for elitism.
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World Economic Forum founder Klaus Schwab retires as chairman

The World Economic Forum says its founder Klaus Schwab is retiring as chairman.

·United States
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El Economista broke the news in on Monday, April 21, 2025.
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