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WEF clears Schwab, appoints Fink
Bangkok Post
|August 17, 2025
The World Economic Forum has cleared Klaus Schwab of “material wrongdoing” after a law firm conducted a review into potential misconduct of the institution's founder.
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The body also said Blackrock Inc’s Larry Fink and Roche Holding AG vice chairman Andre Hoffmann will take over the leadership of the WEF board of trustees on an interim basis as co-chairs, according to a statement late Friday. Interim chairman Peter Brab-eck-Letmathe is stepping down.
“Following a thorough review of all facts, the Board has concluded that, while the organisation must evolve toward a more institutional model, there is no evidence of material wrongdoing by Klaus Schwab,’ it said in the statement.
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