Rise to Success: Career Highlights of Klaus Schwab

How Klaus Schwab built a successful career. Explore key moments that defined the journey.

Klaus Schwab is a German engineer, economist, and the founder of the World Economic Forum (WEF). Founded in 1971, the WEF has become a prominent platform for global leaders to discuss economic and social issues. Schwab served as the WEF's chairman from its inception until 2025. In May 2024, the WEF announced Schwab will transition from Executive Chairman to Chairman of the Board of Trustees by January 2025, with no successor yet appointed.

Sections (3)

Full Timeline Early Life & Education Career & Achievements

1971: Founded European Management Forum

In 1971, Klaus Schwab founded the European Management Forum, which was later renamed the World Economic Forum.

1971: Founded World Economic Forum

In 1971, Klaus Schwab founded the World Economic Forum (WEF) and acted as its chairman since its founding until 2025.

1972: Professor at the University of Geneva

In 1972, Klaus Schwab became a professor of business policy at the University of Geneva.

1987: European Management Forum Renamed

In 1987, the European Management Forum was renamed the World Economic Forum.

1998: Schwab Foundation for Social Entrepreneurship created

In 1998, Klaus Schwab and his wife Hilde created the Schwab Foundation for Social Entrepreneurship.

2003: CEO Appointed

In 2003, Klaus Schwab appointed José María Figueres as CEO of the World Economic Forum (WEF) to be his successor.

2003: Honorary professor at the University of Geneva

Since 2003, Klaus Schwab has been an honorary professor at the University of Geneva.

October 2004: CEO Resignation

In October 2004, José María Figueres resigned as CEO of the World Economic Forum (WEF) due to undeclared consultancy fees from Alcatel.

2011: Founded Global Shapers Community

In 2011, Klaus Schwab founded the Global Shapers Community within the World Economic Forum (WEF).

2016: Authored Book

In 2016, Klaus Schwab wrote a book on the subject of the Fourth Industrial Revolution, an idea he is credited with popularising.

May 2024: Schwab to Transition Role at WEF

In May 2024, the World Economic Forum (WEF) announced that Klaus Schwab will move from his role as Executive Chairman to Chairman of the Board of Trustees by January 2025.