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Medvedev to Open Davos Gathering Attended by Geithner, Merkel

Russian President Dmitry Medvedev will deliver the opening speech at next week’s World Economic Forum in Davos, Switzerland, which will be attended by a record number of chief executive officers.

“We have more CEOs from the business world than ever before,” the event’s founder, Klaus Schwab, said at a press conference in Geneva today. A total of 2,500 delegates will attend the five-day meeting that starts in the ski resort on Jan. 26.

Former U.S. President Bill Clinton, U.S. Treasury Secretary Tim Geithner and German Chancellor Angela Merkel will mix with executives who include JPMorgan Chase & Co. Chairman and CEO Jamie Dimon and Citigroup Inc. CEO Vikram Pandit.

The heads of Credit Suisse Group AG, Deutsche Bank AG, UBS AG and Nestle SA will also attend the forum, which addresses a “new reality” stemming from shifts in political and economic power from west to east and from the speed of technological innovation, according to Schwab.

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