Klaus Schwab, the founder and executive chairman of the World Economic Forum (WEF), is set to transition from his executive role to a non-executive role by January 2025. The WEF has announced that Schwab will become the Chairman of the Board of Trustees at that time, marking a significant change for the organization.
Since 2015, the WEF has been undergoing a transformation from a convening platform to a leading global institution for public-private cooperation. This evolution has included changes to its governance structure, with the Board of Trustees being organized around four strategic committees to enhance the impact of its work.
The WEF was founded by Schwab in 1971 and is known for hosting annual gatherings of world leaders in finance, economy, and politics in Davos, Switzerland. The organization also hosts smaller events throughout the world. Schwab’s move to a non-executive role signifies a shift in leadership for the WEF as it continues to evolve and expand its impact on global collaboration and cooperation.
Schwab has not yet named a successor to take over his executive duties. The organization will be looking forward to welcoming new leadership as it continues its mission of promoting public-private cooperation and fostering economic growth globally.
Overall, this transition marks an exciting new chapter for the World Economic Forum as it continues to adapt and grow in response to changing global needs.
