1661881046948 Processoroftheyear2015

PepsiCo's Indra Nooyi Being Considered for World Bank Post

Jan. 15, 2019
Former CEO, still chairman, among three people eyed by the White House.

PepsiCo's Indra Nooyi is among a trio of names being considered to lead the World Bank, according to several media reports.

Nooyi, who stepped down as Pepsico CEO last October but remains chairman, is being considered, along with David Malpass, undersecretary for international affairs at the Treasury Dept., and Ray Washburne, CEO of Overseas Private Investment Corp., according to White House officials.

The three names surfaced a day after officials said President Donald Trump’s daughter Ivanka Trump was helping lead the search for a new World Bank president to succeed Jim Yong Kim, who is stepping down on Feb. 1, according to a Reuters report.

The U.S. has a controlling voting interest in the World Bank and has traditionally chosen the institution’s leader since it began operations in 1946, according to Reuters.

Kim is a Korean-American physician and anthropologist and has been president of the World Bank since 2012. On Jan. 7, he announced he would be stepping down effective Feb. 1 -- more than three years before his term ends -- to join private equity fund Global Infrastructure Partners.

Sponsored Recommendations

4 shipping challenges that a dedicated carrier can solve

Navigating the logistics industry is challenging. Find out how a dedicated transportation solution can solve some of the most common shipping challenges.

Recipe for successful growth: Schneider’s dedicated fleet services helps bakery rise

Learn how a large bakery company complimented their private fleet with Schneider Dedicated freight services to increase freight capacity, amplify visibility & reduce costs.

Produce grower optimizes network and delivery consistency

An organic produce grower's fractured transportation model resulted in a lot of empty miles and brokered freight for a producer. Learn how they were able to optimize their transportatio...

Schneider Dedicated grows refrigerated transportation for organic grocer

An organic grocery retailer with locations nationwide needed a shipper that could match its reach and volume. Schneider created a custom refrigerated transportation solution to...