WEF Chairman Schwab declares his immediate resignation
Keystone-SDA
Schwab has announced his immediate resignation as Chairman of the Board of Trustees of the World Economic Forum (WEF)
The 88-year-old informed the Board of Trustees of his decision at an extraordinary meeting on Easter Sunday, the WEF announced in a press release on Monday. It did not provide any further details on the reason for his resignation.
“Following my recent announcement, and as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect,” Schwab is quoted in the WEF press release.
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The Board unanimously appointed Vice Chairman Peter Brabeck-Letmathe as Chairman ad interim. It also established a Search Committee for the selection of a future Chair.
Adapted from German by DeepL/ac
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