It could be good news but probably isn’t — another lunatic will take his place.
(Bloomberg) — Klaus Schwab, the founder and executive chairman of the World Economic Forum, is stepping down from active leadership of the body that convenes the annual meetings of global executives and politicians in Davos, Switzerland.
Schwab, 86, announced his decision on Tuesday and is transitioning to a non-executive role by January 2025, according to a statement on the WEF website.
“The organization has also been undergoing a planned governance evolution from a founder-managed organization to one where a president and managing board assume full executive responsibility,” the WEF said.
The body didn’t specify who would take those roles. Semafor reported the decision earlier.