Former PepsiCo CEO Indra K Nooyi to Head the World Bank ?
Indra K. Nooyi, the former chief executive officer of PepsiCo has been considered as a potential candidate by the White House to head the World Bank .The current President Jim Yong Kim announced recently that he would resign in February to join a private investment firm. Since then White House is looking for his replacement.
Nooyi's name was forwarded by Ivanka Trump soon after Moorti stepped down as the CEO of PepsiCo tweeted that "Indra, you are a mentor and great inspiration to so many, myself included. I am deeply grateful for your friendship. Thank you for your passionate engagement on issues that benefit the people of this country, and beyond".
Born into a middle-class family in Chennai on October 18, 1955, Indra Nooyi rose to become one of the top female Indian American executives who is consistently ranked among the world’s 100 most powerful women.
In 2017, she was ranked second on the Forbes’ list of most powerful women in business after Mary T Barra, CEO of General Motors. In 2016, she was ranked third on the list.
‘Fortune’ magazine named her No.1 on its annual ranking of Most Powerful Women in business for five consecutive years from 2006 to 2010. In 2007, she was awarded the Padma Bhushan by the President of India.
Other candidates being considered for the position are Under Secretary of the Treasury for International Affairs, David Malpass and President of the Overseas Private Investment Corporation, Ray Washburne.