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SWITZERLAND: CHIEF EXECUTIVE OFFICER OF THE WORLD ECONOMIC FORUM QUITS.(Brief Article)

IPR Strategic Business Information Database, October, 2004

Jose Maria Figueres has offered his resignation with immediate effect as Chief Executive Officer of the World Economic Forum. This resignation has been accepted. The World Economic Forum has been informed of allegations in the press against Jos? Mar?a Figueres that are related with his years of public service in Costa Rica .

In this press reporting, the Forum became aware that he had a significant contractual agreement with another company whilst working in a leading position at the Forum over two and a half years. Jos? Mar?a Figueres has tendered his resignation on the basis that he had clearly breached the rules of the World Economic Forum by not declaring that he was being retained as a consultant when he took the post and whilst he was working at the Forum....

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