Klaus Schwab exits WEF leadership after 52 years, marking an end of an era

Source: WEF. Former World Economic Forum founder, Klaus Schwab.

Under Schwab's guidance, the WEF evolved from a modest European management symposium into a globally recognised platform, notably through its annual meetings in Davos, Switzerland.

These gatherings have brought together political leaders, business executives, academics, and other influential figures to discuss pressing global issues. Notable attendees over the years have included Xi Jinping, Vladimir Putin, and Donald Trump.

The WEF's board has appointed Peter Brabeck-Letmathe, former chairman and chief executive officer of Nestlé, as interim chairman while a search committee seeks a permanent successor.