Overview

• In early April in Frankfurt, WEF founder Klaus Schwab met with Christine Lagarde to discuss her succeeding him as chief executive by early 2027.
• Lagarde’s current term as president of the European Central Bank runs until the end of October 2027.
• An ECB spokesperson has officially denied that Lagarde intends to depart before completing her mandate.
• The World Economic Forum has declined to comment on any private discussions between Schwab and Lagarde.
• Schwab had arranged for Lagarde to occupy an apartment at Villa Mundi in Geneva, where the WEF’s administrative offices are located.