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World Economic Forum Courts Lagarde as Its Next Leader After Founder’s Abrupt Exit

  • Klaus Schwab, founder of the World Economic Forum, abruptly left the organization last month amid accusations and clashes with directors.
  • Schwab planned to stay until early 2027, but his early departure disrupted plans to appoint Christine Lagarde as his successor.
  • The WEF board, currently led by interim head Peter Brabeck-Letmathe, is navigating the fallout while seeking a leader who can reform the group and retain CEO support.
  • Membership fees generated 271 million Swiss francs last year, and the board still favors Lagarde despite her ECB term ending in 2027 and her previous commitment to serve it fully.
  • The leadership vacuum and allegations mark a pivotal moment for the influential WEF as it aims to preserve its annual Davos event and maintain global financial elite engagement.
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Globo broke the news in Brazil on Thursday, May 15, 2025.
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