百事公司前主席卢英德角逐World Bank PresidencyIndia-born business leader Nooyi, stepped down from the role of chief executive officer of the beverage company PepsiCo in October last year

ByKomal Nathani

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.

Former PepsiCo chairperson Indra Nooyi is reportedly being considered to head the world's most influential organization World Bank Group, reportedThe New York Times. If elected, Nooyi would be the first woman to lead the World Bank as a president in its history of 74 years.

India-born business leader Nooyi, stepped down from the role of chief executive officer of the beverage company PepsiCo in October last year, after working for 12 years. Nooyi has been an iconic leader in the business fraternity.

This comes after the World Bank's president Jim Yong Kim's announcement of resignation. Kim will be joining private sector to lead his goals of carbon-free economy, which he reportedly could not do under Trump administration. The World Bank Group last year introduced its first woman chief executive officer Kristalina Georgieva, who will be the interim president after Kim's departure by February 1.

Other candidates being considered are, David Malpass, the undersecretary of the Treasury for International Affairs, Ray Washburne, the president of the Overseas Private Investment Corporation, and the US President's daughter Ivanka Trump. However, Ivanka's role in the selection process is still under scrutiny and debates as it might lead to the violation of the World Bank ethics, considering she is the daughter of the US President.

According to the NYT report, Ivanka Trump backs Nooyi as the presidential candidate. The White House senior adviser and first daughter of the US President, Ivanka Trump is reportedly helping the Group in the process to pick the next World Bank president, however, it is still yet to be seen whether Nooyi would accept her nomination for the top position.

Watch the video to know more on this.

Komal Nathani

Former Correspondent, Entrepreneur Asia Pacific

A firm believer of hard work and patience. Love to cover stories that hold a potential to change the momentum of business world. Currently, a part of all-women web team of Entrepreneur’s Asia Pacific edition to jig the wheel of business journalism!

Related Topics

Side Hustle

Passive Income 101: A Beginner's Guide to Building Wealth on Autopilot

Unveiling the power of passive income for everyone.

Starting a Business

10 Critical Cash Flow Rules

Protect your business from a common cause of failure by following these cash management tips.

Money & Finance

Build a Good Relationship With Suppliers

They're your hidden growth assets. Follow these 4 tips to become a valued customer.

Marketing

The Rise of Inbound Marketing and the Death of the Cold Call

Why an "outbound" focus could be costing you sales prospects.

领导

Don't Get Defensive — Avoid These 7 Phrases When Talking With an Angry Person

Customer service training in this exclusive article on how to avoid defensive language—and what to replace it with when talking with a customer.

Branding

How Glossier Hacked Social Media to Build A Cult-Like Following

Former blogger Emily Weiss had a hunch: If she could translate women's real needs into products, she could build a beauty company unlike any other.