Klaus Schwab, the eminent figure and founder of the World Economic Forum (WEF), recently announced his resignation as Chairperson and Board of Trustees member after an illustrious tenure of 55 years. The WEF board swiftly appointed Vice Chairman Peter Brabeck-Letmathe as the interim Chairman and initiated the formation of a committee tasked with the responsibility of identifying a suitable permanent successor. Recognizing Schwab’s unparalleled contributions in shaping the WEF into a pivotal platform for fostering global cooperation, the board expressed gratitude for his visionary leadership. Schwab’s legacy will undoubtedly continue to resonate within the organization as it navigates through the process of selecting a new leader to uphold its mission of driving positive change on a global scale.