World Economic Forum Seeks Lagarde After Schwab Resigns Amid Allegations

Klaus Schwab, founder and longtime leader of the World Economic Forum (WEF), abruptly resigned last month amid allegations of financial misconduct and disputes with the Forum's directors, despite his initial plan to remain until 2027. This sudden departure disrupted plans for a smooth leadership transition to Christine Lagarde, the current European Central Bank president, whose term also ends in 2027. Schwab's resignation triggered an internal investigation following a whistleblower's claims. Lagarde has since emerged as the leading candidate to take over as head of the WEF, with her extensive economic and international affairs experience positioning her as a strong successor. The WEF continues to pursue Lagarde for the role, seeking stable guidance after Schwab's unexpected exit. Schwab denies any wrongdoing related to the accusations.