Davos forum founder Klaus Schwab to step down as chair of trustees

[noumoe]

Klaus Schwab, the founder of the World Economic Forum, will “start the process” of stepping down as chair of its board of trustees, weeks after the organisation promised an overhaul after an investigation into workplace discrimination.

In a letter to trustee board members, which has been seen by the Financial Times and confirmed by two people with knowledge of the situation, Schwab said the forum, which hosts the elite business conference in Davos, must recover its “sense of mission” after a period of turmoil. 

“I am deeply convinced that in today’s special context the forum is more important and relevant than ever before,” he said in an internal email to the trustees sent on Tuesday.

“It is also financially very well equipped thanks to successful financial management since its beginning. What is essential now after the turmoil of the last months, is to recover our sense of mission,” he said, without specifying if the upheaval he was referring to was in response to Donald Trump’s second presidential term or the investigation of WEF.

https://archive.is/2025.04.03-183721/ht ... b80493da31