World Economic Forum Founder Klaus Schwab Stepping Down by 2025

WEF transitioning to leadership by president, executive board
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By Alessandro Speciale and Bastian Benrath-Wright

May 21, 2024 at 4:32 PM UTC

Updated on

May 21, 2024 at 5:14 PM UTC

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Klaus Schwab, the founder and executive chairman of the World Economic Forum, is stepping down from active leadership of the body that convenes the annual meetings of global executives and politicians in Davos, Switzerland.

Schwab, 86, announced his decision on Tuesday and is transitioning to a non-executive role by January 2025, according to a statement on the WEF website.