WEF director resigns over undeclared fees
José Maria Figueres, a former president of Costa Rica, has resigned from his post as executive director of the Geneva-based World Economic Forum (WEF).
Figueres stepped down on Friday after confirming he had received more than $900,000 (SFr1.1 million) in consultancy fees from the French telecommunications firm, Alcatel.
The WEF, which hosts an annual meeting of business and government leaders in the Swiss alpine resort of Davos, said it had only learned of the payment through the media.
In a statement, the organisation said Figueres had “clearly breached” WEF rules by “not declaring that he was being retained as a consultant when he took the post and whilst he was working at the Forum”.
Spokesman André Schneider said Figueres had acknowledged that he was in violation of the WEF’s rules and had accepted that he had no choice but to step down.
The WEF said the five remaining members of the forum’s executive board had already taken over Figueres’s duties. WEF founder Klaus Schwab will continue to serve as executive chairman.
Financial transactions
The 49-year-old Figueres served as president of Costa Rica from 1994 to 1998.
In a statement issued on Wednesday in San Jose, Costa Rica, Figueres acknowledged receiving money from Alcatel. But he added that the payments were legal and had only been made for consulting services after he left office.
His departure from the WEF comes amid an ongoing scandal over the financial affairs of two other former Costa Rican presidents.
Miguel Angel Rodriguez remains under house arrest for allegedly taking payments from Alcatel, while Rafael Angel Calderon is currently awaiting trial on charges that he accepted an illegal commission on medical equipment while in office.
Both former presidents have rejected allegations that they were involved in any illegal transactions.
swissinfo with agencies
José Maria Figueres resigned from his post as executive director of the Swiss-based World Economic Forum on Friday after admitting to breaking WEF rules by accepting more than $900,000 in consultancy fees from French telecoms firm Alcatel.
He served as president of Costa Rica from 1994 to 1998.
More
Why cars still reign supreme in ‘rail-nation’ Switzerland
More
Azeri fossil-fuel cash cow brings controversy to Switzerland
More
Is Switzerland as innovative as it ranks?
More
Taxes on pension payments: no problem for the Swiss Abroad
More
Heard the one about the Swiss company installing laugh detectors?
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.