Indra Nooyi may head World Bank on US recommendation

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Pepsi’s former CEO Indra Nooyi is expected to head the World Bank.

According to reports, the White House is condidering the name of Nooyi for this plum position. If she accepts this offer, she will succeed  Jim Yong Kim, who has announced he is stepping down in February.

 Ivanka Trump, the American President’s daughter has, in fact, floated the name of Nooyi for this position.

Others competing for this coveted position are David Malpass, the under secretary of treasury, and Ray Washburne, who is heading the Oversea Private Investment Corporation. Both of them had served as advisers to President Donald Trump’s campaign.

 Ivanka Trump has earlier termed Nooyi a “mentor”.  The World Bank has been headed always by an American — Kim, the outgoing president is Korean-American.

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