The World Economic Forum’s board discussed this week efforts to recruit European Central Bank president Christine Lagarde as its next chair, people familiar with the matter said. Sources say Lagarde appears ready to accept but wants assurance that tensions with WEF founder and former chair Klaus Schwab have been fully resolved. Schwab abruptly resigned in April 2025 amid an investigation into alleged financial misconduct and was later cleared, but strains between him and the forum have persisted

The World Economic Forum’s board discussed this week efforts to recruit European Central Bank president Christine Lagarde as its next chair, people familiar with the matter said. Sources say Lagarde appears ready to accept but wants assurance that tensions with WEF founder and former chair Klaus Schwab have been fully resolved. Schwab abruptly resigned in April 2025 amid an investigation into alleged financial misconduct and was later cleared, but strains between him and the forum have persisted.