Yes, "President Michelle Bachelet of Chile" is correct!!
Next Quesiton:

Who is this grumpy looking dude? (and he has good reasons to be unhappy)
  1. Palestinian leader Mahmoud Abbas
  2. Hezbollah leader Hassan Nasrallah
  3. Hamas leader Ismail Haniyeh
  4. Israeli leader Benjamin Netanyahu
  5. Syrian leader Bashar al-Assad