Wolfensohn to leave WB top job in June
Reuters, Washington
World Bank President James Wolfensohn told the Bush administration on Monday that he will leave his post at mid-year, triggering a hunt for a replacement for the top job at the global lender."Jim Wolfensohn did indicate to the secretary (Treasury Secretary John Snow) that he is not seeking a third term at the bank," Treasury spokesman Rob Nichols told reporters. "With regard to a successor, we are just now beginning discussions with the other shareholders to discuss the process of nominating a successor. The process will be open and transparent and collaborative," Nichols added. Snow and Wolfensohn consulted over telephone on Monday, he said. Among those rumoured as potential candidates is United States Trade Representative, Robert Zoellick, though he has repeatedly refused to say whether he even intends to step down from his current job.
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