Klaus Schwab Steps Down As World Economic Forum Chairman After 55 Years, Peter Brabeck-Letmathe Named Interim Chair

2025-04-21 07:00:41

(MENAFN- Live Mint) World Economic Forum Chairman Klaus Schwab decided to step down on Monday, April 21, after 55 years of service in the Geneva-based institution, according to the official release.

The board of directors have appointed Peter Brabeck-Letmathe as the interim Chairman for the institution until they find a future Chairman through a selection committee process.

“Following my recent announcement, and as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect,” said Schwab, according to the official announcement.

(Please check back for more updates.)

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