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Klaus Schwab to Vacate Top Post, as WEF Looks to Become Global Leader in Public-Private ‘Cooperation’

Klaus Schwab, founder and executive chairman of the WEF, will step down from his leadership role, according to Semafor. Meanwhile, a WEF spokesperson said the organization is “transforming from a convening platform to the leading global institution for public-private cooperation.”

Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), will step down from his leadership role, according to Semafor.

Schwab, 86, has headed the WEF since 1971. He reportedly announced his decision in an email sent today to staff. Semafor obtained the email.

At press time, there was no mention of Schwab’s decision to step down on the WEF website or social media accounts.

According to Semafor, Schwab will transition to a role as non-executive chairman, pending the Swiss government’s approval of the change, which is expected to become official by January 2025.

The WEF, based in Davos, Switzerland, hosts its annual meeting there each January.

WEF transitioning to global leader in public-private ‘cooperation’

Tim Hinchliffe, editor of The Sociable, told The Defender the change may still allow Schwab to exert considerable influence over the WEF.

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