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Austrian businessman Peter Brabeck-Letmathe has been appointed interim chairman of the World Economic Forum, succeeding Klaus Schwab amid ongoing investigations into Schwab’s financial and ethical conduct. Brabeck-Letmathe, known for his long tenure at Nestlé where he held various leadership roles including CEO and Chairman, has faced scrutiny for past controversial comments on water usage. In addition to his Nestlé career, he has held significant positions with organizations such as Roche and Credit Suisse, and founded the 2030 Water Resources Group, emphasizing his influence in global business and resource management.
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