BBC: The World Bank's executive board has confirmed that Robert Zoellick will become the organisation's new boss.
Mr Zoellick, who was nominated by US President George W Bush, will replace Paul Wolfowitz, who leaves on 30 June.
Mr Wolfowitz is stepping down after two years in office, following a scandal over his role in winning a pay and promotion package for his partner.
A former US deputy secretary of state, Mr Zoellick has most recently worked for investment bank Goldman Sachs. New World Bank chief is confirmed (more)
Mark Alexander
