World Economic Forum founder Klaus Schwab is stepping down from his role as executive chairman after more than five decades. The 86-year-old is moving away from the day-to-day management of the organisation and will become chairman of the WEF’s board of trustees by January 2025. Schwab’s succession plan has been the source of much speculation over recent years. However, the organisation has remained tight-lipped about its intentions until now. A WEF spokesperson said: “Since 2015, the World Economic Forum has been transforming from a convening platform to the leading global institution for pub…