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The Independent UK
The Independent UK
National
Via AP news wire

World Economic Forum founder Klaus Schwab retires as chairman

Switzerland Davos Forum Schwab - (Copyright 2024 The Associated Press. All rights reserved)

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 more than a half-century after creating the Geneva-based think tank, the forum said Monday.

The forum quoted Schwab, 87, in a statement as saying he was stepping down “with immediate effect."

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