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Davos meet founder Klaus Schwab steps down from WEF board

  • The World Economic Forum announced Monday that Klaus Schwab stepped down as Chairman with immediate effect.
  • Schwab founded the global organization in 1971 and led it for 55 years.
  • The board of trustees accepted his resignation Sunday during a special meeting and appointed an interim chairman.
  • Schwab led the organization for 55 years and enters his 88th year.
  • A search committee will select a future chair while the forum continues its mission.
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El Economista broke the news in on Monday, April 21, 2025.
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