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Davos meet founder Klaus Schwab steps down from WEF board

  • Klaus Schwab resigned as Chairman of the World Economic Forum Board of Trustees on Sunday.
  • Schwab stated he decided to step down as he enters his 88th year.
  • The board accepted his resignation during a special Sunday meeting.
  • Schwab stated he would step down "with immediate effect."
  • The board appointed Peter Brabeck-Letmathe interim chairman and began a search for a successor.
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El Economista broke the news in on Monday, April 21, 2025.
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