Without disclosing the reasons, Syed Hamid informed the board and management of his decision to step down.

“Since I was appointed as chairman in August 2021, I have had the privilege of providing guidance and advice to support WIEF through numerous global initiatives and projects focused on knowledge sharing,” he said in a statement today.

Syed Hamid also said that WIEF had led an economic agenda centred on fostering a more sustainable future for all, with efforts contributing to enhancing multilateral relations among the countries involved.

“It has been a fulfilling journey, and I depart from the foundation with a heavy heart.

“I extend my deepest gratitude to the board and management, the Malaysian government, governmental and non-governmental bodies, as well as contributors, supporters, and participants worldwide, for the generous spirit of collaboration and support extended to WIEF during my tenure,” he said.

The WIEF Foundation, the organising body of the annual WIEF event, comprises a board of trustees supported by an international advisory panel and a permanent secretariat based in Kuala Lumpur.