World Bank President Jim Yong Kim appointed Friday two new executives to fill positions vacated last month amid the bank’s ongoing internal reform process, and announced the creation of a new management role: senior vice president of operations.
“[Managing Director and Chief Operating Officer] Sri Mulyani and I have decided that we need greater senior managerial oversight to maintain a high level of delivery of our operations,” Kim wrote in a memo to staff obtained by Devex, adding that the new position will report directly to Mulyani.
The institution’s reorganization has been tumultuous since Kim’s initial announcement in July that he planned to cut $400 million from the budget. Weekly staff protests in the bank’s atrium highlight discontent among employees, and not all staff agree that more senior managers is the answer. Some complain that the organization already has enough executives.
About the author
Molly Andersmollyanders_dev
Molly Anders is a former U.K. correspondent for Devex. Based in London, she reports on development finance trends with a focus on British and European institutions. She is especially interested in evidence-based development and women’s economic empowerment, as well as innovative financing for the protection of migrants and refugees. Molly is a former Fulbright Scholar and studied Arabic in Syria, Jordan, Egypt and Morocco.
