WHITE House Considering EX – PepsiCo CEO Indra Nooyi to head World Bank: American media

IVANKA Trump, the president’s eldest daughter and senior adviser, is tasked to help the White House select the next head of the World Bank. Jessica Ditto, White House spokeswoman, is cited by the New York Times disclosing this to the media. She has been given the assignment following the resignation of the incumbent South Korean Jim Yong Kim before completing five-year tenure. The Spokeswoman said Ivanka has worked closely with the World Bank’s leadership for the past two years. The White House is considering former PepsiCo Inc chief executive Chennai born Indian American Indra Nooyi, 63, Treasury Department official David Malpass and Overseas Private Investment Corp CEO Ray Washburne among candidates to head the World Bank. Ivanka Trump, who had been reportedly in the race to grab the Washington DC headquartered World Bank, will not be a candidate, a Trump administration official said. But she will assist the Treasury secretary, Steven Mnuchin, and the acting White House chief of staff, Mick Mulvaney, in choosing a successor to Jim Yong Kim, the current president of the World Bank who announced last week he would be stepping down. The World Bank said on Monday that its president, Jim Yong Kim, would step down from his post in February to join a private infrastructure investment firm, an unexpected departure that comes nearly three years before the end of his term. On September 27, 2016, Kim was re-appointed as the World Bank president, for a five-year term beginning July 1, 2017. On January 7, 2019, Kim announced that he would be stepping down from his current role as President, effective February 1, 2019.Indra Nooyi nee  Krishnamurthy, who was CEO of global beverage giant PepsiCo, is being considered by the White House for the new World Bank president, according to a leading American daily. Nooyi, 63, stepped down as PepsiCo’s chief last August after leading the company for 12 years. She “has been courted as an administration ally by Ivanka Trump, the president’s in the selection of a nominee,” The New York Times said. The report, which cited several people familiar with the process, 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”. It is yet to be confirmed whether Nooyi would accept the nomination if chosen by the Trump administration. The first daughter, who has tweeted that she views Nooyi as a “mentor + inspiration”, has floated her name as a potential successor.. And the question that they’re asking, especially those who are not white: ‘Are we safe?’ Women are asking: ‘Are we safe?’ LGBT people are asking: ‘Are we safe?’ I never thought I’d have had to answer those questions”. A spokesman for PepsiCo had told Fortune magazine that “Mrs. Nooyi misspoke. She was referring to the reaction of a group of employees she spoke to who were apprehensive about the outcome of the election. She never intended to imply that all employees feel the same way”. Other candidates being considered for the position of World Bank head are under secretary of the Treasury for International Affairs David Malpass and president of the Overseas Private Investment Corporation Ray Washburne.The US president cannot install the World Bank leader, who must be approved by the bank’s board, but has traditionally placed his nominee in the job. Trump has already faced harsh criticism for appointing his daughter as a senior White House advisor. Ivanka, 37, is a successful businesswoman, fashion designer, author and reality television personality. She has her own line of fashion items, including clothes, handbags, shoes, accessories which are available in all major US departmental stores.

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