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Statement from the World Economic Forum

29 October 2004 - Geneva, Switzerland

The World Economic Forum has been informed of allegations in the press against José María 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.

José María 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. This issue has no bearing on the allegations made against José María Figueres regarding those payments in Costa Rica.

The five remaining members of the Managing Board have fully assumed the functions of their former colleague under the leadership of the Executive Chairman, Klaus Schwab.


The World Economic Forum is the foremost global community of business, political, intellectual and other leaders of society committed to improving the state of the world.

Incorporated as a foundation, and based in Geneva, Switzerland, the World Economic Forum is impartial and not-for-profit; it is tied to no political, partisan or national interests. The Forum has NGO consultative status with the Economic and Social Council of the United Nations.(http://www.weforum.org)

Photos of our events can be downloaded free of charge for journalists at http://www.swiss-image.ch/worldeconomicforum (login required).

For more information, please contact:

Communications and Public Affairs
World Economic Forum
Tel.: +41 (0) 22 869 1212
Fax: +41 (0) 22 869 1394
E-mail: public.affairs@weforum.org


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Last updated: 29 October 2004
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