WHITE HOUSE (AP) -- President Bush has tapped former U-S Trade Representative Robert Zoellick to head the World Bank.
In a White House announcement, Bush said Zoellick has a long career in diplomacy that has prepared him for the job. He also says the former deputy secretary of state is "deeply committed" to the cause.
If Zoellick is approved by the World Bank's board, he'll take over from controversial outgoing chief Paul Wolfowitz.
Wolfowitz is stepping down next month after a special bank panel ruled he broke rules when he arranged a hefty compensation package for his girlfriend.
The incident caused a staff revolt and strained U-S relations with Europeans and others.
Zoellick says "the World Bank has passed through a difficult time." However, he added that the bank needed to move past the discord.