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Announcement from President Jim Yong Kim

March 23, 2012

To the Dartmouth Community,

I write to share the news that President Barack Obama has asked me to stand for nomination as president of the World Bank. This is one of the most critical institutions fighting poverty and providing assistance to developing countries in the world today. After much reflection, I have accepted this nomination to national and global service.

When I assumed the presidency of Dartmouth, I did so with the full and deep belief that the mission of higher education is to prepare us for lives of leadership and service in our professions and communities. While President Obama's call is compelling, the prospect of leaving Dartmouth at this stage is very difficult. Nevertheless, should the World Bank's Board of Executive Directors elect me as the next president, I will embrace the responsibility.

As Chair of the Dartmouth Board of Trustees Steve Mandel '78 and I have discussed, if I am elected, our Board will take appropriate steps to ensure continuity of leadership and determine the timing of a search. For now, I remain president of Dartmouth. Steve and I will keep you informed of the nominating process and timing of a final decision by the World Bank next month.

Jim Yong Kim
President, Dartmouth College