Following Klaus Schwab’s sudden exit this week, the World Economic Forum (WEF) has announced that former Nestle CEO Peter Brabeck-Letmathe will replace him as interim chairman.
Schwab decided to step down on Monday, after 55 years of leading the globalist organization he founded, according to the official release.
“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,” said Schwab, according to the official announcement.
The WEF’s board of trustees also issued a statement on Schwab’s mysterious, sudden resignation, saying:
“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.”
Earlier this month, as per a Reuters report, a WEF spokesperson said that Schwab will “start the process” of stepping down as chair of its board of trustees.
As per the report, there was no timeline given back then.
However, the spokesperson said that the process should be completed by January 2027.
The WEF has now appointed Brabeck-Letmathe as the interim chairman of