React : Async - Select drop down - JSON object trouble

I am using the Async - React Select drop down in react - https://react-select.com/async The dataset for the drop down needs to look like this :

async function getPromise4(): Promise<Person[]> {

  return [
    {
      value: 'Tom',
      label: 'Tom',
    },
    {
      value: 'David',
      label: 'David',
    },
    {
      value: 'MeeMee',
      label: 'MeeMee',
    },
  ];
}

and I am trying to get this created from an API. The API works ok but it doesn't give it back as value / label - so I cannot return the data direct to the drop down by a promise.

I am struggling to create an object like about. This is the code I use to get the data from the API.

async function main(): Promise<void> {
  const foo = await dynamicsWebApi.retrieveAll("accounts",["name"]).then(function (stuff) {
    var records = stuff.value
    records.forEach(function (value) {
      console.log(value.name);

This above code gets the data from the API fine. I guess I need to iterate over the data and build an object like above. I am sure its quite reasonable to do but I cannot seem to figure it out.