World Economic Forum Courts Lagarde as Its Next Leader After Founder’s Abrupt Exit
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Klaus Schwab’s abrupt departure from the World Economic Forum, the influential organization he founded and led for more than half a century, has complicated carefully laid plans to persuade Christine Lagarde to assume the helm in a seamless transition, according to people familiar with the discussions.
Schwab, 87, had initially intended to stay on until early 2027, the same year Lagarde’s term as European Central Bank president comes to an end, but he left last month amid accusations of financial misconduct and a clash with the Forum’s directors. He denies any wrongdoing.