Klaus Schwab, founder and longtime face of the World Economic Forum, has resigned as chair of its trustees. The forum did not explain 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 said in a statement.

Peter Brabeck-Letmathe, an ex-Nestlé CEO, who famously said water was not a human right, will serve as interim chairman as the WEF searches for Schwab's replacement.

THREAD: In celebration of Klaus Schwab stepping down as chairman of the World Economic Forum, here's the best of Rebel News' @WEF reporting.

Who do you think will take his place?

Watch the first episode of Rebel News' docuseries to get a background of the World Economic Forum… pic.twitter.com/9XSL6dZ34i

— Rebel News (@RebelNewsOnline) May 21, 2024

Schwab, born in Germany, founded the WEF in 1971 to facilitate discussion between policymakers and corporate leaders on global issues. 

Davos became an annual January event where leaders from politics, business, and entertainment met in Switzerland to discuss the upcoming year's agenda. 

Despite Schwab’s departure, the group says it will continue its mission to bring leaders together to exchange ideas and work together.

“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,” reads the WEF statement.

WEF chairman Klaus Schwab says "we have to remain optimists" as society prepares for transhumanism through the biological-digital convergence — the "fusion of our physical, our digital and our biological dimensions."https://t.co/YFPchQS1pk pic.twitter.com/dXYvoGYUDX

— Rebel News Canada (@RebelNews_CA) February 14, 2024

The WEF, located near Lake Geneva, has also faced negative reports about its internal culture.

The organization denied harassment and discrimination allegations, but the Wall Street Journal reported that its board hired a law firm to investigate its workplace culture.

The founder resigned following accusations of misusing WEF resources, which he denies.

Rebel News has frequently covered the gathering, widely criticized on both left and right as elitist and detached from the lives of ordinary people.

World Economic Forum founder Klaus Schwab introduces President Trump at the organization's annual meeting in Davos, Switzerland. pic.twitter.com/FTc0ujkXMf

— Rebel News (@RebelNewsOnline) January 23, 2025

Schwab predicted globalization's backlash before 2016's Brexit and Trump's win, which were linked to discontent with the economic status quo.

The WEF was particularly shaken by the 2009 global financial crisis, the 2022 Russian invasion of Ukraine, and more protectionist U.S. trade policies.

“A mounting backlash against [globalization’s] effects, especially in the industrial democracies, is threatening a very disruptive impact on economic activity and social stability in many countries,” penned Schwab in a 1996 column. 

“The mood in these democracies is one of helplessness and anxiety, which helps explain the rise of a new brand of populist politicians.”

DPM Chrystia Freeland brags at Klaus Schwab's World Economic Forum: "Canada is absolutely determined that decarbonization for us, will mean more jobs, more growth, more manufacturing and we recognize, government needs to play a role to make that happen." https://t.co/YFPchQS1pk pic.twitter.com/GCiLSY89YQ

— Rebel News Canada (@RebelNews_CA) January 18, 2024

Schwab proposed that the world's population should replace meat with insect-based proteins in their diets. 

He also promoted “global governance” as the “only real solution” to the world’s problems.

Schwab was proud that the WEF had influenced governments globally, specifically mentioning Canada and former prime minister Justin Trudeau, a graduate of the WEF's young leaders' program.

“Trudeau, for example, half of his cabinet, or even more, are actually Young Global Leaders of the World Economic Forum,” he said during a 2017 WEF conference.

Chrystia Freeland, a former deputy prime minister, was on the WEF's board of directors.

Expose The Reset:

"The pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world" - Professor Klaus Schwab, Founder and Executive Chairman, World Economic Forum.https://t.co/VFrFTxUItI.

— Rebel News Canada (@RebelNews_CA) March 3, 2024

Schwab also coined "the great reset," promoting economic change during COVID-19 trade shutdowns.

Schwab, in his co-authored book, "COVID-19: The Great Reset," saw the pandemic as a unique opportunity to reshape the world. World leaders, including Trudeau, Biden, and King Charles, echoed this sentiment.

The WEF's "Great Reset" promotional video predicted the end of private ownership and a transition to a renting economy by 2030.

“You’ll own nothing, and you’ll be happy,” the video stated. It received widespread criticism for presenting a dystopian socialist vision of the future. 

Please donate to support our mission to shine a light on the World Economic Forum!

Rebel News is sending a team of six journalists and videographers to Davos, Switzerland to expose the global elites at this year's Annual General Meeting of the World Economic Forum. Our team is sharing a single economical Airbnb located an hour away from Davos, as every hotel room in the city is booked up by the elites. We're walking and taking the train to and from Davos daily to save money. Between economy class flights, the shared Airbnb, train tickets, meals, and a lot of coffee, this project will cost Rebel News more than $50,000. Please chip in to help us cover these costs so that we can bring you this exclusive reporting.

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