Overview

• Klaus Schwab said he and Christine Lagarde had discussed for years her potential succession as WEF chair, aiming for a leadership change in early 2027.
• The Financial Times report noted that an apartment in Switzerland was already reserved to facilitate Lagarde’s move to Davos after her ECB term.
• Schwab resigned from the WEF earlier than planned following whistleblower allegations that he profited personally from the organization’s resources.
• An ECB spokesperson publicly denied claims of an early departure and emphasized that Lagarde intends to complete her full term through October 2027.
• Insiders told the FT that Lagarde insisted on bringing euro-area inflation down to around 2 percent before considering any transition to the WEF role.