The board, which includes ex-U.S. Vice President Al Gore and Jordan's Queen Rania, took note that Schwab created the "leading global platform" for "dialogue and progress" during his 55 years of "relentless leadership at the helm of the Forum."

The World Economic Forum says its founder Klaus Schwab is retiring as chairman. The announcement on Monday comes more than a half-century after Schwab, 87, created the Geneva-based think tank that is best known for hosting an annual meeting of political,

Klaus Schwab, the 87-year-old founder of the World Economic Forum, has officially stepped down as chairman after leading the organization for over five decades. Known for shaping global public-private dialogue,