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Klaus Schwab to step down as WEF chairman after 53 years

  • Klaus Schwab, the Founder and Executive Chairman of the World Economic Forum , is stepping back from his executive role.
  • Schwab, 86, will become the non-executive chairman pending Swiss government approval, with the change expected before the 2025 annual meeting.
  • The WEF's executive board, led by WEF President Børge Brende, has been managing executive responsibilities in Schwab's absence.
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The World Economic Forum confirmed on Tuesday that its founder, Klaus Schwab, is stepping down from the day-to-day leadership of the organization after more than 50 years, CNBC reported.

·Romania
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The World Economic Forum (WEF) announced on the 21st that Klaus Schwab, who has been involved in the organization's management since its founding 50 years ago and has served as chairman, will resign as chairman of the forum by January 2025. Schwab has been involved in the management of the WEF since its founding at the age of 71.

·Japan
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scnr.com broke the news in on Tuesday, May 21, 2024.
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