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World Economic Forum chief Klaus Schwab resigns

2025-04-21 16:19:14Kosova&Bota SHKRUAR NGA REDAKSIA VOX
World Economic Forum chief Klaus Schwab resigns
Klaus Schwab

Klaus Schwab, founder of the World Economic Forum, has resigned as chairman of its board of trustees.

Transformed into a symbol of globalization, he founded the annual gathering of business and political leaders in the Swiss mountain resort of Davos.

The Geneva-based World Economic Forum made the announcement on Monday, after revealing earlier this month that 87-year-old Schwab, who has been the face of the Davos meeting for decades, would step down, without giving a precise timeline.

"Following my recent announcement, and as I enter my 88th year, I have decided to resign from my position as Chairman and as a member of the Board of Trustees, effective immediately," Schwab said in a statement released by FEB.

The forum did not give a reason why he was resigning.

The FEB board said in the statement that it had accepted Schwab's resignation at an extraordinary meeting on April 20, with Vice Chairman Peter Brabeck-Letmathe serving as interim chairman while procedures for a new chairman began.

Schwab, born in Germany, founded the WEF in 1971 with the aim of creating a forum for policymakers and senior corporate executives to address major global issues.


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