Dartmouth College President Dr. Jim Yong Kim has been selected to be the next president of the World Bank. He starts a five-year term on July 1.
Kim, 52, was nominated for the position by President Barack Obama in March and was selected on Monday by the bank's executive directors. The other nominees were Columbian economist Jose Antonio Ocampo and Nigerian finance minister Ngozi Okonjo-Iweala. Kim succeeds Robert Zoellick, a former U.S. State Department official.
Kim is the first physician to be president of Hanover, N.H.-based Dartmouth, and he will be the first physician to lead the World Bank. He will remain at Dartmouth through June 30, though the school's board of trustees is expected to name an interim president on Tuesday, according to a Dartmouth news release.