Klaus Schwab, the founder and long-time chair of the World Economic Forum (WEF), has announced his retirement after 55 years at the helm. Schwab is credited with transforming the WEF into a major global platform for dialogue among political, business, and civil society leaders. The WEF board, which includes prominent figures like Al Gore and Queen Rania, acknowledged his significant contributions. His departure has sparked reactions worldwide, including celebration from some political groups. The leadership transition marks the end of an era for the influential Davos Summit.
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World Economic Forum founder steps down from chairmanship
Klaus Schwab, founder of the World Economic Forum (WEF), also known as Davos Summit, stepped down from the chairmanship and his position on the board of the WEF, the forum said on Monday.
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