Klaus Schwab will soon be relinquishing his current position as head of the World Economic Forum, the 86-year-old announced in an e-mail to staff on Tuesday. A WEF spokesperson confirmed reports to the Keystone-SDA news agency. By January 2025, Schwab will change role from executive chairman to chairman of the Board of Trustees, the spokesperson said. It was initially unclear who would take over Schwab's duties. The change is expected to take place before the next edition of the WEF’s annual flagship meeting in January. The number two executive behind Schwab, WEF President Borge Brende, is seen as a promising candidate. The 58-year-old is a former Norwegian foreign minister and has been WEF president since 2017. Previously, he served as director from 2008 to 2009 and administrative director from 2011 to 2013. New management structure With this step, Schwab is preparing the ground for his succession. Since 2015, the WEF has transformed itself from a meeting platform into a leading ...
