.jpg)
8 hours ago
1
Article content
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 retiring as chairman more than a half-century after creating the Geneva-based think tank, the forum said Monday.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
The forum quoted Schwab, 87, in a statement as saying he was stepping down “with immediate effect.”
Article content
Article content
Former Nestle Chairman and CEO Peter Brabeck-Letmathe was unanimously selected as interim chairman by the forum’s board at a special meeting on Sunday, the statement said. A search committee has been set up to choose a permanent successor.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The forum’s annual gathering in Davos has for decades served as a global hub where decision-makers, academics, leaders of international organizations, and elite business executives rub shoulders to discuss government policy, global crises and deal-making.
Article content
The gathering, typically in January, has hosted a long list of world leaders under Schwab’s 55-year tenure, including President Xi Jinping of China, Vladimir Putin of Russia, Donald Trump of the United States, and many more heads of state and government.
Article content
“At a time when the world is undergoing rapid transformation, the need for inclusive dialogue to navigate complexity and shape the future has never been more critical,” the forum said in the statement, underlining its mission as a “facilitator of progress” that will continue to bring together leaders to exchange ideas and build cooperation.
Article content
Advertisement 1
English (US)