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Report: Ex-PepsiCo CEO under consideration for World Bank top post

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Report: Ex-PepsiCo CEO under consideration for World Bank top post

Former PepsiCo Inc. CEO Indra Nooyi is among the candidates being considered to lead World Bank Group, The New York Times reported, citing people familiar with the process.

U.S. President Donald Trump's daughter Ivanka Trump has put forward Nooyi as a potential successor to Jim Yong Kim, who will step down as World Bank president in February, nearly three years before his term expires.

Treasury Secretary Steven Mnuchin, acting Chief of Staff Mick Mulvaney and Ivanka Trump are reportedly involved in the selection process, which is in its initial stages, with Donald Trump due to make the final call.

Other names being considered for the job include David Malpass, undersecretary of the Treasury for international affairs, and Ray Washburne, Overseas Private Investment Corp.'s head, according to the report.

Nooyi resigned from Pepsi in October 2018, after spending the last 12 years as CEO. She was part of Donald Trump's now-disbanded business advisory council.