Friday, March 9, 2012

Pepsi CEO on short list of WB president

Former White House adviser Lawrence Summers, diplomat Susan Rice and PepsiCo Inc CEO Indra Nooyi are on a “short list” of possible US candidates to head the World Bank, TVNZ reported, citing a source familiar with Obama administration’s thinking.

The World Bank, whose mission is to fight global poverty, launched a search for its next chief after Robert Zoellick said he would step down when his term as president ended in June.

The United States has held the post since the development institution was established after World War Two, while Europe has always picked the head of the International Monetary Fund.

Rising emerging economies have increasingly pushed to have more say in the two premier global financial institutions.

Armenian News

No comments:

Post a Comment