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The Independent UK

Dave Graham

Davos founder Klaus Schwab steps down as World Economic Forum chair

Klaus Schwab WEF Davos

Founder and Executive chairman Klaus Schwab addresses the delegates with the Ukraine’s President Volodymyr Zelensky displayed on a screen in the background during the opening ceremony of the World Economic Forum (WEF) in Davos - (REUTERS)

Klaus Schwab, founder of the World Economic Forum which gathers the world's business and political elite in the Swiss mountain village of Davos every year, has resigned as chair of its board of trustees, the WEF said on Monday.

The Geneva-based institution had announced earlier this month that Schwab, 87, would be stepping down, without indicating a timeframe.

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