WEF Chairman Resignation Marks End of Schwab’s Leadership
In a significant shift in global leadership, the WEF chairman resignation has been officially announced. Klaus Schwab, who led the World Economic Forum for 55 years, stepped down following a special board meeting on April 20, 2025. Schwab, now nearing 88, cited age as his reason for leaving the role. The decision marks the close of an era for one of the most influential global institutions.
Peter Brabeck-Letmathe Steps In After WEF Chairman
Following the chairman resignation, Peter Brabeck-Letmathe was unanimously appointed as the interim chair by the WEF board. Former CEO of Nestlé, Brabeck-Letmathe brings decades of leadership experience to the role. He will serve temporarily until a permanent successor is named. A dedicated search committee is now working on the selection process.
WEF Chairman Resignation Ends Schwab’s Historic Impact
The chairman resignation concludes Klaus Schwab’s foundational role since establishing the forum in 1971. His vision turned the WEF into a central hub for discussions between world leaders, executives, and academics. The annual Davos meeting became globally recognized for setting key economic agendas. Still, Schwab’s leadership wasn’t without criticism—some view the WEF as out of touch with public concerns.
The Future Path After WEF Chairman Resignation
With the WEF chairman, the organization now faces the challenge of defining its future under new leadership. Critics are watching to see how the WEF adapts to today’s rapidly shifting economic and geopolitical landscape. Selecting the right successor will be critical in maintaining the forum’s credibility and commitment to global cooperation.
The Weight of the WEF Chairman
The WEF chairman symbolizes more than just a leadership change—it marks the end of a historic chapter. Klaus Schwab’s departure invites both reflection and forward-looking strategy. As the WEF turns the page, the world watches for its next move on the global stage.
