KLAUS SCHWAB STEPS DOWN AS WEF CHAIRMAN

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KLAUS SCHWAB STEPS DOWN AS WEF CHAIRMAN

Klaus Schwab, who founded the World Economic Forum in 1971, announces his departure as executive chairman, transitioning to a non-executive role in 2025.

Speculation surrounds his decision, with reasons ranging from health issues to the WEF's future direction.

Schwab's family members taking on high-ranking roles raises questions about the continuity of his vision.

A search for the new executive chairman is underway.

Source: Reuters