Klaus Schwab, founder and chairman of the World Economic Forum, will be stepping away from his leadership role at the organization after more than 50 years in the position, Semafor reported Tuesday. The WEF said the change in management structure has been years in the making. “Since 2015, the World Economic Forum has been transforming from a convening platform to the leading global institution for public-private cooperation,” WEF told CNBC in a statement. “As part of that transformation, the organization has also been undergoing a planned governance evolution from a founder-managed organization to one where a President and Managing Board...