Klaus Schwab to step down as WEF chairman after 53 years

May 21, 2024 06:03 AM PDT | By Invezz

Klaus Schwab to step down as WEF chairman after 53 years — Image source: Invezz

Transition before the 2025 summit

In the letter to staff, Schwab stated his intention to transition to a non-executive chairman role before the next Davos summit in 2025.

Although he has not named a successor, his decision marks a significant shift in leadership for the influential global organization.

Legacy and impact

Over his 53-year tenure, Schwab has played a pivotal role in shaping the World Economic Forum into a prominent platform for addressing global economic, social, and political issues.

The annual Davos meetings, in particular, have become a crucial venue for world leaders, business executives, and policymakers to discuss and tackle pressing global challenges.

Uncertainty over future leadership

Schwab’s letter did not specify who will succeed him as executive chairman, leaving some uncertainty about the future direction of the WEF.

The organization will need to identify a leader who can continue Schwab’s legacy while adapting to the evolving global landscape.

The post Klaus Schwab to step down as WEF chairman after 53 years appeared first on Invezz

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