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"Klaus Schwab is out; Peter Brabeck-Letmathe takes over with immediate effect"

"Peter Brabeck-Letmathe (“Brabeck”) is an Austrian businessman and former chairman and CEO of the Nestlé Group.

Writing in The Guardian in 2006, Jane Martinson noted that “Peter Brabeck-Letmathe is an unlikely bogeyman. Yet ask many food campaigners to name their least favourite corporate executive and the silver-haired Austrian at the head of the world’s largest food company, Nestlé, would come high on many lists.”

As well as Nestlé, he has also held positions on the board of directors of Credit Suisse Group, L’Oréal and ExxonMobil.

Additionally, Brabeck has been involved in various influential organisations and events. He is a member of the Attali Commission, the European Round Table of Industrialists and the London Technology Club. He is chairman of the Geneva Science and Diplomacy Anticipator (“GESDA”) Foundation, which was launched in 2015 by the Swiss Federal Department of Foreign Affairs to find ways to strengthen Geneva’s role in global governance. He is also the founder and chairman of the 2030 Water Resources Group, a public-private partnership that operates within the World Bank.

And last but not least, he has been a longstanding vice-chairman of WEF’s board of trustees. With Klaus Schwab stepping down as head of WEF’s board of trustees on 20 April, Brabeck has been named interim chairman until a new chairman has been found.

WEF has established a “Search Committee” to select a new chairman, a WEF statement said on Monday, without indicating when a new chair might be appointed. According to CEO Today, Brabeck’s close relationship with Schwab and longstanding involvement in WEF make him the clear frontrunner to become Schwab’s permanent successor.

Contents of this article shows his significant involvement in the following and continues with full details at the link:

Brabeck, Nestlé and the 1973 Chilean Coup
Attali Commission
European Round Table of Industrialists and Bilderbergers
2030 Water Resources Group
The London Technology Club

https://expose-news.com/2025/04/24/klaus-schwab-is-out/ [THIS ARTICLE LINK]
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Peter Brabeck-Letmathe 1944— [BUSINESS Biography]
https://www.referenceforbusiness.com/biography/A-E/Brabeck-Letmathe-Peter-1944.html