World Economic Forum Founder Klaus Schwab to Step Back from Role

World Economic Forum founder Klaus Schwab announces his transition from executive chairman to non-executive chairman, marking a significant shift in the organization’s governance structure. With plans to become Chairman of the Board of Trustees by 2025, Schwab’s departure signals a new era for the global institution. His successor has not yet been named, but current President Børge Brende has been instrumental in leading the Forum’s operations. Schwab’s legacy, spanning over five decades, has shaped the annual WEF meeting in Davos into a premier gathering for world leaders and CEOs. His family’s involvement, including his wife Hilde leading the organization’s foundation, underscores the Forum’s enduring impact under Schwab’s leadership.