World Economic Forum's Schwab steps down after over 50 years [BNN Bloomberg (Canada)]
Salesforce.com Inc (CRM)
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Source: BNN Bloomberg
He will be succeeded on an interim basis by the WEF's vice chairman Peter Brabeck-Letmathe, the former Chief Executive Officer and Chairman of Nestle SA, according to a statement by the forum. “I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect,” Schwab, 87, said in the statement. The forum has begun a search process for a future chair. The WEF, hosted once a year in the Swiss ski-town of Davos, is one of the world's most-exclusive gatherings of head of states, top politicians, executives and business leaders. Schwab started what became the WEF in 1971 as a management symposium. He had announced last year he was stepping away from an active leadership role at the organization. Today, the board of trustees is comprised of more than two dozen world leaders and includes Salesforce Inc. Chief Executive Officer Marc Benioff, Blackrock Inc. CEO Larry Fink, former U.S. Vice President Al Gore, European Central Bank P
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- CRM's page on the SEC website