Mon Apr 21 11:21:58 UTC 2025: ## WEF Founder Klaus Schwab Resigns as Chairman
**Zurich, Switzerland –** Klaus Schwab, the founder and long-time chairman of the World Economic Forum (WEF), has resigned from his position, the organization announced Monday. The 87-year-old Schwab, who had previously announced his intention to step down earlier this month, cited his upcoming 88th birthday. His resignation is effective immediately.
Peter Brabeck-Letmathe, the WEF’s Vice Chairman, will serve as interim chairman while a committee searches for a permanent replacement. Schwab founded the WEF in 1971, establishing it as a prominent gathering for global leaders to address major world issues. While lauded by many for its influence, the annual Davos meeting has also faced criticism for being elitist and out of touch with ordinary citizens.
First Piper 