Klaus Schwab stepping down as chair of World Economic Forum
Klaus Schwab, founder of the World Economic Forum, is stepping down as chair of its board of trustees to help the institution recover its 'sense of mission' after turmoil. He plans to focus on writing memoirs and has a timeline for his departure by January 2027.
Key Points
- Schwab stepping down as chair of WEF
- Timeline for departure by January 2027
- Focus on writing memoirs
Pros
- Forum can recover its mission
- Financially well-equipped
- Schwab can focus on writing memoirs
Cons
- Lack of timeline for departure
- Surprise announcement
- Transition period raises questions