World Economic Forum Leadership Change: Klaus Schwab Resigns as Chairman, Peter Brabeck-Letmathe Appointed Chairman ad Interim

World Economic Forum Leadership Change: Klaus Schwab Resigns as Chairman, Peter Brabeck-Letmathe Appointed Chairman ad Interim

(IN BRIEF) World Economic Forum Chairman Klaus Schwab has stepped down after 55 years of leadership, announcing his resignation as he enters his 88th year. The Board of Trustees appointed Peter Brabeck-Letmathe as Chairman ad interim and formed a Search Committee to find a permanent successor. The Board expressed gratitude for Schwab’s foundational role in creating the WEF and reiterated the organization’s commitment to inclusive dialogue and collaboration in addressing global challenges.

(PRESS RELEASE) GENEVA, 22-May-2025 — /EuropaWire/ — World Economic Forum (WEF) Chairman of the Board of Trustees, Klaus Schwab, has announced his decision to step down from his leadership position. In his statement, Schwab shared: “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.”

At an extraordinary Board meeting held on 20 April, the Board of Trustees took note of Schwab’s resignation. In accordance with the Forum’s Rules and Regulations, the Board unanimously appointed Vice Chairman Peter Brabeck-Letmathe as Chairman ad interim. Additionally, a Search Committee has been formed to select the future permanent Chair.

The Board of Trustees expressed its deep gratitude for Klaus Schwab’s extraordinary 55 years of leadership. As the Founder of the World Economic Forum, Schwab established a global platform for dialogue and progress, leaving an indelible impact on global collaboration. The Board recognized Schwab’s tireless efforts in shaping the Forum into a prominent facilitator of international dialogue and cooperation.

In a rapidly transforming world, the need for inclusive dialogue and collaboration has never been more critical. The WEF Board of Trustees reaffirmed its commitment to Schwab’s mission and values, stressing the importance of continuing to provide a trusted platform for leaders from all sectors and regions to exchange insights, foster collaboration, and address the complex challenges of the future.

Media Contact:

email: public.affairs@weforum.org

SOURCE: World Economic Forum