End of an era: Klaus Schwab steps down as WEF executive chairman

But he’s probably headed for his luxo-bunker. Schwab has done his job. MH

Klaus Schwab, the founder and Executive Chairman of the World Economic Forum (WEF), has decided to step down after over five decades. This signifies a significant transition, synonymous with global economic discussions and the annual Davos meeting.

Shepherd Ambellas – sqauk May 23, 2024

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Klaus Schwab founded the WEF in 1971, and under his leadership, it evolved from a European-focused conference into a worldwide hub for public-private collaboration. The annual meeting in Davos, Switzerland, became a significant event, drawing world leaders, business leaders, and influential thinkers to address urgent global issues.

Schwab’s decision to remove from his day-to-day management responsibilities is part of a long-term strategy to update the forum’s governance structure. As he transitions out of his executive duties, Schwab will assume the role of Chairman of the Board of Trustees. This change will facilitate a seamless transition and ensure the WEF remains relevant in a rapidly changing world.

The World Economic Forum (WEF) has confirmed that the leadership transition is part of its transformation from a convening platform to a leading institution for public-private cooperation. The organization is set to shift governance to a president and managing board, with Børge Brende currently serving as president. The forum has not yet revealed who will succeed Schwab as the face of the annual Davos meeting.

Schwab’s vision for the WEF has been instrumental in shaping global economic discourse. His commitment to fostering dialogue and collaboration among various sectors has contributed to the forum’s reputation as a space for innovative solutions to complex challenges. His legacy will continue to influence the WEF’s mission and activities.

As Schwab steps down, reflections on his tenure highlight the WEF’s evolution from a European management forum to a global powerhouse. The forum has played a critical role in addressing economic disparities, environmental concerns, and technological advancements. Schwab’s leadership has been pivotal in steering these conversations.

The WEF’s future direction will be closely watched as it navigates a post-Schwab era. The organization’s ability to adapt and maintain its influence in global affairs will be a testament to Schwab’s foundational work. As the forum prepares for its next chapter, the world awaits to see how it will continue to shape the economic landscape.

In conclusion, Klaus Schwab’s decision to step down as the Executive Chairman of the WEF is a momentous occasion that signals both the end of an influential career and the beginning of a new chapter for the forum. His contributions have left an indelible mark on the organization and the global community it serves.

Klaus Schwab, the Executive Chairman of the World Economic Forum, has advocated for alternative and sustainable food sources, such as insect consumption. This concept is based on the potential environmental benefits and efficiency of insect farming compared to traditional livestock. Insects are a high-protein, low-impact food source, and their cultivation requires significantly less land, water, and feed than cattle or poultry farming.

Schwab advocates for entomophagy, which is the practice of eating insects. This aligns with the WEF’s broader goals of sustainability and responsible consumption. The forum has published articles discussing the role of insects in our food systems and how they could help address the impending food crisis due to the growing global population. They argue that insects can be a source of protein and fertilizer, and emerging technologies could help bring insects back into the food system at scale.

The concept may seem unconventional or unappetizing to many, but it is part of a larger conversation about reducing the environmental footprint of our diets. The World Economic Forum suggests that embracing insect protein could significantly reduce our carbon footprint and contribute to a more sustainable global food system.

Schwab and the WEF discussed ideas that are part of a broader dialogue on sustainability and are not enforced policies. These discussions aim to explore all possible solutions to the challenges posed by climate change and food security.

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Martin comments: Schwab “advocates entomophagy” (ze eating of ze bugs) while his WEF attendees sit down to Roast Duck in orange sauce. Good riddance to the vile hypocritical elitist. What monster will replace him, one wonders? Will Noah-Harari step up?