World Economic Forum Announces Governance Transition

At an extraordinary Board meeting on 20 April, the Board of Trustees took note of the resignation of Klaus Schwab. In accordance with the Forum’s Rules and Regulations, the Board unanimously appointed Vice Chairman Peter Brabeck-Letmathe as Chairman ad interim. It also established a Search Committee for the selection of a future Chair.

The Board acknowledged the outstanding achievements of the retired Chairman and Founder of the World Economic Forum, Klaus Schwab. He created the leading global platform for dialogue and progress, and the Board expressed its gratitude for his 55 years of relentless leadership at the helm of the Forum.

At a time when the world is undergoing rapid transformation, the need for inclusive dialogue to navigate complexity and shape the future has never been more critical. The Board of Trustees of the World Economic Forum underlines the importance of remaining steadfast in its mission and values as a facilitator of progress. Building on its trusted role, the Forum will continue to bring together leaders from all sectors and regions to exchange insights and foster collaboration.

About World Economic Forum
The World Economic Forum is the International Organization for Public-Private Cooperation. It provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust, and build initiatives for cooperation and progress.

In a world marked by complex challenges, the World Economic Forum engages political, business, academic, civil society and other leaders of society to shape global, regional and industry agendas. Established in 1971 as a not-for-profit foundation, it is independent, impartial and not tied to any special interests, upholding the highest standards of governance and moral and intellectual integrity.

At the heart of our mission of improving the state of the world lies the belief in the power of human ingenuity, entrepreneurship, innovation and cooperation. We recognise the need for a forum fostering rigorous and respectful dialogue between and among leaders with different beliefs and viewpoints, where diversity of thought is respected and all voices can be heard. Achieving this mission is made possible by all our stakeholders, who come together to find common ground and seize opportunities for positive change.

The Forum’s commitment on facilitating progress on systemic challenges is taken forward through its 10 Centres, each applying the institution’s unique combination of impact methods to drive holistic efforts. The Centres build communities of purpose essential to addressing large-scale global challenges. Guided by these communities, our centre teams convert ambition into focused action, through structured multi-year initiatives and insight generation.

Together, we continue to strive for a better world, where cooperation and trust lead to lasting progress.

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