Klaus Schwab, the founder of the World Economic Forum (WEF), recently announced his resignation as Chairperson and Board of Trustees member after a remarkable 55-year tenure. The WEF board has swiftly appointed Vice Chairman Peter Brabeck-Letmathe as the interim Chairman and has initiated the process of forming a committee to identify a suitable permanent successor. Schwab’s visionary leadership has played a pivotal role in shaping the WEF as a premier platform for fostering global cooperation and addressing pressing economic issues. His departure marks the end of an era, but the WEF remains committed to advancing its mission under new leadership. Schwab’s legacy will undoubtedly continue to inspire future initiatives and collaborations within the international community.