White House Considering Former Pepsi CEO For World Bank President

Zero Hedge | 8/7/2018 | Staff
Caris (Posted by) Level 3
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Get ready for a "free" Pepsi soda machine in every emerging market ghetto.

Refuting rumors that Ivanka Trump may be set to fill the top rank at one of the world's most important NGOs, the NYT reports that the White House is considering Indra Nooyi, the former CEO of Pepsi for the position of World Bank president. Nooyi, who stepped down from her role at Pepsi last August after leading the company for 12 years, 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.

IndraNooyi - PepsiCo - CEO - Yrs

The great @IndraNooyi is stepping down as PepsiCo CEO, after 12 yrs.

Still, as the NYT adds, 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 makes his ultimate pick. It is well known that Trump often makes his own gut decisions about whom to chose.

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It is unclear whether Nooyi would accept the nomination if chosen by the administration but Ms. Trump, who has tweeted that she views Ms. Nooyi as a “mentor + inspiration,” has floated her name as a potential successor.

Nooyi - President - Business - Leaders - Bedminster

Nooyi has dined with the president and other business leaders at his Bedminster, N.J. golf club. She drew criticism for assuming an advisory role on his business council, which was disbanded after many chief executives quit following Mr. Trump’s comments blaming “many sides” for white supremacist violence in Charlottesville,...
(Excerpt) Read more at: Zero Hedge
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