Finally, the communist Schwab resigned from the presidency of the Davos Forum.

Klaus Schwab, founder of the World Economic Forum (WEF), resigned from his position as chairman of the board of directors of the organization based in Geneva.

Schwab, 87 years old, announced his decision with immediate effect, highlighting that he is entering his 88th year of life. His departure was formally accepted during an extraordinary board meeting held on April 20.

As a transitional measure, Vice Chairman Peter Brabeck-Letmathe will assume the interim chairmanship while the search for a permanent successor begins.

Schwab had already left the position of CEO of the WEF last year, being replaced in daily management by Børge Brende, former Foreign Minister of Norway.

However, he remained a central figure in the organization he founded in 1971 under the name European Management Forum, with the intention of bringing together business and political leaders to address complex global issues.

Over time, this event evolved into the World Economic Forum and its annual meeting in Davos, Switzerland, became a symbol of dialogue among global elites.

Born in Ravensburg, Germany, on March 30, 1938, Schwab studied at Swiss universities and at Harvard, obtaining doctorates in engineering and economics, as well as multiple honorary doctorates.

The expansion of the WEF has also led to regional meetings and the creation of thematic centers on supply chains, cybersecurity, energy, climate change, and financial systems.

Over more than five decades, he transformed Davos into a space for international dialogue on topics related to progressivism such as climate change, social inclusion, the future of work, and sustainability.

Schwab promoted initiatives like "The Great Reset", proposing a post-pandemic recovery that is more "equitable, green, and resilient." Schwab has been a strong target of accurate criticism for his delusional leftist stances. 

The organization defines itself as a global, impartial, and non-profit platform, whose goal is to foster trust and cooperation among different sectors. Its stated mission is "to improve the state of the world," and the forum continues to advocate for the importance of inclusive dialogue in an increasingly complex global context.

Nevertheless, the WEF and its founder have been the subject of growing criticism. Their detractors correctly consider that the forum is elitist and disconnected from ordinary citizens.

The term "Davos Man" has become popular to refer to the global economic and political elite that participates in the event. Critics accuse the forum of being a privileged space where large corporations influence government decisions without due transparency.

Additionally, Schwab and the WEF have been frequent targets of theories, especially since the COVID-19 pandemic. After proposing the concept of "The Great Reset" to rethink economic and social structures post-pandemic, some sectors interpreted it as a threat, accusing Schwab of leading a hidden globalist agenda.

These theories, which circulate widely on social media, include unfounded claims about conspiracies by the Davos Forum to provoke pandemics, establish authoritarian regimes, and even promote heinous crimes.

A particularly visible figure in this criticism has been Elon Musk, who went so far as to say on his platform X that Schwab "wants to be emperor of the Earth." In response to this polarized environment, the WEF has pointed out that "disinformation" is one of the main short-term risks facing the world, according to its latest global risks report.

The WEF's board of directors praised Schwab's work during his 55 years at the helm of the organization, highlighting his ability to position the Forum as an influential space for international collaboration.

It also reaffirmed its commitment to the Forum's mission, emphasizing that it will continue to be a key platform for the exchange of ideas and cooperation in a constantly changing world.