New World Bank chief.

PositionLewis T. Preston - Development Report

Lewis T. Preston, former chief executive officer of J. P. Morgan & Company, a prestigious United States-based commercial bank, is expected to succeed Barber B. Conable Jr. as President of the 155-member World Bank in September 1991. Mr. Preston, 64, who retired from J.P. Morgan in 1989, also served as head of its international banking department from 1968 to 1976. He is expected to concentrate efforts on resolving the...

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