Indira Nooyi Being Considered For World Bank President Post: Reports
New York: Former CEO of global beverage giant PepsiCo Indira Nooyi is being considered by the White House for the new World Bank president post, according to a leading American daily.
India-born Nooyi, 63, stepped down as PepsiCo’s chief last August after heading the company for 12 years.
The New York Times reported that Nooyi “has been courted as an administration ally by Ivanka Trump, the President’s eldest daughter who is playing a role in the selection of a nominee.”
The report cited several people familiar with the process and said the decision-making process for the top post at the World Bank is “fluid and in its initial stages and early front-runners and candidates often fall off the radar, or withdraw from consideration, before the president [Donald Trump] makes his ultimate pick”.
World Bank’s current president Jim Yong-kim had earlier this month announced that he would step down from his post in February to join a private infrastructure investment firm. His unexpected departure came nearly three years before the end of his term.
The NYT report said that the process of choosing Kim’s successor is being overseen by Treasury Secretary Steven Mnuchin, acting chief of staff Mick Mulvaney and Ivanka Trump, whose role in the process was announced by the White House on Monday.
Ivanka Trump, who has tweeted that she views Nooyi as a “mentor + inspiration”, has floated her name as a potential successor.
Meanwhile, it is unclear whether Nooyi would accept the nomination if chosen by the Trump administration.