World Economic Forum founder Klaus Schwab steps back from executive post
The organization brought in nearly $500 million in revenue in the year ending March 2023, and had a neat 200 million Swiss francs sitting in cash, Semafor reported last year
World Economic Forum founder and executive chairman Klaus Schwab will be stepping back from his role running the global gathering since he founded it in 1971.
Schwab announced his intentions in an email to staff on Tuesday that was shared with Semafor by a person connected to the organization.
He will be stepping down as executive chairman
and transitioning to a role as non-executive chairman, he said, adding
the change in his role is pending approval by the Swiss government. ---More...
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