The World Economic Forum founder Klaus Schwab, will "start the process" of stepping down as chair of its board of trustees, a spokesperson for the Geneva-based institution told Reuters on Thursday.

Why It Matters. The World Economic Forum was founded by Schwab, 88, in 1971 with the aim of creating an annual gathering for policymakers and business leaders to discuss major global issues.

(R to L) Executive chairman of the World Economic Forum (WEF), Klaus Schwab, Ursula von der Leyen president of the European Commission, Olena Zelenska, Ukraine's first lady and Alain Berset ...

Klaus Schwab, Founder and Chairman of the World Economic Forum’s (WEF) Board of Trustees, has officially resigned after 55 years of service in the Geneva-based institution.

Klaus Schwab has announced his immediate resignation as Chairman of the Board of Trustees of the World Economic Forum, WEF. Schwab informed the Board of Trustees of his decision at an ...

World Economic Forum founder Klaus Schwab speaks at Davos on Jan. 16, 2024. (Fabrice Coffrini/AFP via Getty Images) In 1971, with the help of the European Commission (EC), ...

World Economic Forum, accessed March 30, Klaus Schwab Getty Images, Sept. 11, 2018, Vietnam-Diplomacy-Summit-WEF World Economic Forum, Sept. 11, 2018, World Economic Forum on ASEAN Overview ...

Klaus Schwab and the World Economic Forum, the international organization he founded and chairs, have long been the target of conspiracy theorists, convinced that global elites gather at the group ...

Swiss President Ignazio Cassis and Founder and Executive chairman Klaus Schwab arrive for the opening ceremony of the World Economic Forum in Davos, Switzerland May 23, 2022.

GENEVA (AP) — Klaus Schwab, the founder of the World Economic Forum, best known for hosting an annual meeting of political, business and other elites in the Swiss Alpine town of Davos, is ...

Klaus Schwab, the founder of the World Economic Forum, best known for hosting an annual meeting of political, business and other elites in the Swiss Alpine town of Davos, is retiring as chairman ...