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Excerpt from www.cnbc.com
The World Economic Forum confirmed Tuesday that founder Klaus Schwab is moving away from the day-to-day management of the organization after more than 50 years at the helm.
The forum said that the move was part of a years’ long strategy to change its management structure, shifting governance to a president and managing board. Børge Brende is currently president of WEF.
The forum did not reveal who would succeed Schwab and become the face of its elite annual meeting in Davos, Switzerland.
“Since 2015, the World Economic Forum has been transforming from a convening platform to the leading global institution for public-private cooperation,” WEF said in a statement to CNBC.
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