A senior administration official says President Bush will nominate former Deputy Secretary of State Robert Zoellick to be the new president of the World Bank. Zoellick had also served as U.S. Trade Representative.
The nomination of Robert Zoellick follows the resignation of the current bank president, Paul Wolfowitz, who was enveloped in a scandal over his role in arranging a promotion and pay raise for his girlfriend, who is a bank employee.
Wolfowitz is scheduled to leave the bank at the end of June.
Some nations, including Australia, argue that the tradition of having an American serve as World Bank president should be replaced with an open selection process. - VOA News
Robert Bruce Zoellick (born July 25, 1953) was a United States Deputy Secretary of State, resigning on July 7, 2006. Before holding this position, he served as United States Trade Representative, from February 7, 2001 until February 22, 2005.
He announced his resignation on June 19, 2006 to join the investment bank Goldman Sachs as a managing director and chairman of the company's International Advisors department.[1]
President George W. Bush nominated Zoellick on 29 May, 2007 to replace Paul Wolfowitz as President of the World Bank. - Based on Wikipedia
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