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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, as confirmed by the Geneva-based institution on Thursday.
  • The process for Schwab's resignation is expected to be completed by January 2027, according to a statement from the World Economic Forum.
  • The World Economic Forum is undergoing leadership changes following an investigation into allegations of racism and gender bias, which were denied by Schwab and the Forum.
  • The board is currently searching for a new chairperson and is addressing leadership issues identified in a workplace investigation.
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Financial Times broke the news in London, United Kingdom on Thursday, April 3, 2025.
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