world bank

Obama nominates Brown U. grad Kim as World Bank president

March 23rd, 2012 at 11:33 am by under Nesi's Notes, On the Main Site

After months of speculation, President Obama on Friday announced his choice to be the next president of the World Bank: Dartmouth College President Jim Yong Kim, a public health expert who went to college in Providence.

Kim immigrated to the U.S. from South Korea at the age of five and grew up in Iowa, where he was his high school’s valedictorian and quarterback. He graduated from Brown University in 1982, where he was involved with the Third World Center and the Asian American Students Association.

Kim’s honors include a MacArthur “Genius” Fellowship in 2003 and being named one of the world’s most influential people by Time magazine in 2006. He has remained involved with Brown, receiving the alumni association’s William Rogers Award in 2008 and lecturing there in 2009.

Brown President Ruth Simmons – who Obama also reportedly considered for the World Bank job – spoke at Kim’s inauguration as Dartmouth’s president in 2009, lauding him as “an international leader.”

(photo: Brown University)

Report: Obama considered Brown president to lead World Bank

March 7th, 2012 at 6:35 pm by under Nesi's Notes, On the Main Site

President Obama considered nominating Brown University’s outgoing president Ruth Simmons as the new head of the powerful World Bank, Bloomberg News reported Wednesday evening.

Simmons was part of a diverse list of candidates “considered in initial discussions” by Obama and his advisers that also included Bill Gates and Pepsi CEO Indra Nooyi, according to Bloomberg. The list has been narrowed down since then and apparently no longer includes Simmons.

A spokeswoman for Brown was not immediately available. Simmons served on investment bank Goldman Sachs’ board of directors¬†from 2000 to 2009. She donated $5,000 to Obama’s re-election campaign in September.

“The breakthroughs that arrive on the coattails of his election may prove just the beginning of our understanding of the implications and longer term impact of his remarkable rise and run,” Simmons wrote after Obama won the presidency in November 2008.

Simmons will retire as Brown’s president on June 30. Princeton University economist Christina Paxson was picked as her replacement last week. Simmons has said she plans to take a leave of absence then return to Brown to teach as a professor of comparative literature and Africana Studies.

(photo: Brown University)