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Klaus Schwab steps down as chair of World Economic Forum’s board of trustees, but to remain until successor is appointed

  • Klaus Schwab has begun the process of stepping down as chair of the World Economic Forum's board of trustees, which is expected to be completed by January 2027, as confirmed by the Geneva-based institution.
  • The announcement surprised many, as Schwab transitioned into the chair role only a few months ago.
  • Schwab will focus on writing his memoirs following his departure, which marks 55 years since he proposed the idea of a global village.
  • His departure follows an investigation into allegations of racism and gender bias in the Workplace, which Schwab and the WEF have denied.
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Financial Times broke the news in London, United Kingdom on Thursday, April 3, 2025.
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