Klaus Schwab steps down as head of World Economic Forum
Klaus Schwab, the founder and chairman of the World Economic Forum, has resigned from his position. The organization is known, among other things, for hosting the annual World Economic Forum in Davos.
Professor Klaus Schwab not only founded the World Economic Forum, he also serves as its chairman. His annual meetings are held in Davos, Switzerland. Schwab is also the author of the book "The Fourth Industrial Revolution," which discusses key megatrends that have a significant impact on the future of the global economy and societies.
In a statement published on the official World Economic Forum website, Schwab remarked, "Following my recent announcement, and as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect."
Schwab's mention of his "recent announcement" refers to his decision to step down from his post, which he initially revealed in May 2024.
The World Economic Forum was established in 1971 at Klaus Schwab's initiative. It is a non-profit organization that hosts an annual conference in Davos, Switzerland, bringing together CEOs from the world's largest corporations, political leaders, intellectuals, and journalists. About 2,000 people participate in this influential gathering.
