Former PepsiCo CEO Indra Nooyi is reportedly being considered for the new World Bank president.
According to The New York Times, Nooyi has been “courted as an administration ally by Ivanka Trump, the president’s eldest daughter who is playing a role in the selection of a nominee,”
Nooyi, 63, stepped down as PepsiCo’s chief last August after leading the company for 12 years. It is not immediately known if Nooyi would accept the nomination.
However, the report also noted that 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”.
Ivanka had earlier tweeted that she considered Nooyi as a mentor and inspiration.
World Bank’s current president Jim Yong Kim had earlier this month announced that he would step down from his post in February to join a private infrastructure investment firm. His unexpected departure came nearly three years before the end of his term.
Ivanka said she was “deeply grateful” for Nooyi’s friendship and thanked the Chennai-born executive for her “passionate engagement on issues that benefit the people of this country, and beyond.”
Although Nooyi has been a source of inspiration for many, she caused a stir in 2014 when she said women cannot have it all.
“I don’t think women can have it all. I just don’t think so. We pretend we have it all. We pretend we can have it all,” she had then said describing the difficulty in maintaining a work-life balance.