Overview

• An external Zurich law firm found no evidence of serious misconduct by WEF founder Klaus Schwab, identifying only minor procedural irregularities linked to unclear personal and organizational boundaries.
• Peter Brabeck-Letmathe resigned as interim chair and the board elevated Roche heir André Hoffmann and BlackRock founder Larry Fink to co-lead the foundation on an interim basis.
• Schwab accepted the findings in an agreement that normalizes his relationship with the organization while confirming he will hold no formal role going forward.
• The WEF has withheld the full investigative report, raising questions among major donors and Swiss regulators about transparency and accountability.
• The board has pledged a suite of governance reforms and is positioning ECB president Christine Lagarde as a likely long-term successor once her term ends.