Klaus Schwab, Chairman of the World Economic Forum, Resigns After 55 Years of Service. Peter Brabeck-Letmathe, Vice-Chairman, Appointed Interim Successor.
Klaus Schwab: Klaus Schwab, Chairman of the World Economic Forum (WEF), has resigned from his position. He had been associated with this prestigious institution for 55 years, actively serving as Chairman and a member of the Trustee Board. Peter Brabeck-Letmathe, Vice-Chairman, has been appointed as the interim successor.
Klaus Schwab Explains His Reason for Resignation
In an official statement, Klaus Schwab cited his advancing age, now entering his 88th year, as the reason for his decision. He stated, "I have served the World Economic Forum for more than five decades. The time has come for me to relinquish my responsibilities as Chairman and member of the Trustee Board."
Board Accepts Resignation and Initiates Search for New Chairman
At a board meeting on April 20th (Sunday), members accepted his resignation and expressed gratitude for his service. A Search Committee has been formed to find a permanent successor. Brabeck-Letmathe's appointment is currently an interim arrangement.
What is the World Economic Forum?
The World Economic Forum is an independent international organization committed to improving the state of the world. It brings together global leaders from business, politics, academia, and other sectors to address global issues through policy and partnership. Its headquarters are located in Switzerland.
