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President of the World Bank Group

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President of World Bank Group
World Bank Logo
Incumbent
Jim Yong Kim
since July 1, 2012
Term lengthFive years, renewable

The President of the World Bank Group is the head of World Bank Group. The president is responsible for chairing the meetings of the Boards of Directors and for overall management of the World Bank Group. Traditionally, the World Bank Group President has always been an American citizen nominated by the United States, the largest shareholder in the World Bank Group. The nominee is subject to confirmation by the Board of Executive Directors, to serve for a five-year, renewable term. While most World Bank Group presidents have had banking experience, some have not.[1][2]

List of Presidents

# Portrait Name Dates Nationality Background
1 Eugene Meyer 1946–1946  United States Newspaper publisher
2 John J. McCloy 1947–1949  United States Lawyer and US Assistant Secretary of War
3 Eugene R. Black, Sr. 1949–1963  United States Bank executive with Chase and executive director with the World Bank
4 George Woods 1963–1968  United States Bank executive with First Boston Corporation
5 Robert McNamara 1968–1981  United States US Defense Secretary, business executive with Ford Motor Company
6 Alden W. Clausen 1981–1986  United States Lawyer, bank executive with Bank of America
7 Barber Conable 1986–1991  United States New York State Senator and US Congressman
8 Lewis T. Preston 1991–1995  United States Bank executive with J.P. Morgan
9 Sir James Wolfensohn 1995–2005  United States
 Australia[note 1] 		Corporate lawyer and banker
10 Paul Wolfowitz 2005–2007  United States Various cabinet and government positions; US Ambassador to Indonesia, US Deputy Secretary of Defense
11 Robert Zoellick 2007–2012  United States Bank executive with Goldman Sachs, Deputy Secretary of State and US Trade Representative
12 Jim Yong Kim 2012–present  Korea Republic
 United States 		Korean-American physician and anthropologist, co-founder of Partners in Health and 17th President of Dartmouth College.[3] Elected on 16 April 2012.

References

  1. ^ Hurlburt, Heather (2012-03-23). "Why Jim Yong Kim would make a great World Bank president". The Guardian. Retrieved 2012-03-23.
  2. ^ World Bank. "Leadership". World Bank Group. Retrieved 2012-07-17.
  3. ^ Reuters (2012-04-16). "Jim Yong Kim chosen to head World Bank". CNN IBN. Retrieved 2012-04-16. {{cite news}}: |author= has generic name (help)

Notes

  1. ^ The World Bank President is traditionally an American citizen. Wolfensohn was a naturalised American citizen before taking office.
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