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Klaus Schwab Steps Down: New Leadership Begins at WEF

4/21/2025

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Summary

Story summary

Klaus Schwab, the visionary founder of the World Economic Forum, has stepped down as chair and board member at the age of 88, marking the end of an era after 55 years of leadership. In his wake, Vice Chairman Peter Brabeck-Letmathe takes the helm as interim chair while a search committee seeks a new leader to continue Schwab's legacy of fostering global dialogue and collaboration.

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Story summary

Klaus Schwab, the visionary founder of the World Economic Forum, has stepped down as chair and board member at the age of 88, marking the end of an era after 55 years of leadership. In his wake, Vice Chairman Peter Brabeck-Letmathe takes the helm as interim chair while a search committee seeks a new leader to continue Schwab's legacy of fostering global dialogue and collaboration.