Davos boss quits – media
Klaus Schwab, the founder of World Economic Forum, will reportedly transition to role of non-executive chairman | World Economic Forum (WEF) founder and executive chairman Klaus Schwab has announced he will step back from his role, after more than 50 years at the head of the event, according to the Semafor news platform. ● The article cites a letter from Schwab to staff on Tuesday in which he outlines his intention to transition to a non-executive-chairman role before the next meeting of the annual gathering at the Alpine resort town of Davos, Switzerland, in 2025. The change is pending approval by the Swiss government. ● Semafor also cited a statement by a forum’s spokesperson, who said that the organization is “transforming from a convening platform to the leading global institution for public-private cooperation.” ● Schwab, 86, did not reportedly name his successor, but said that over the last year the group’s executive board “under the leadership of President Borge Brende, has taken full executive responsibility.” A former Minister of Foreign Affairs of Norway, Brende, 58, has been WEF president since 2017.
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