skip to main navigation skip to secondary navigation skip to content
Board of Governors of the Federal Reserve System
skip to content

Press Release

Federal Reserve Press Release

Release Date: July 19, 2010

For immediate release

The Federal Reserve Board on Monday announced the designation of the chairs and deputy chairs of the twelve Federal Reserve Banks for 2011.

Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington appoints three of these directors and each year designates one of its appointees as chair and a second as deputy chair.

Following are the names of the chairs and deputy chairs designated by the Board for 2011:

Boston
Henri A. Termeer, Chairman, President and Chief Executive Officer, Genzyme Corporation, Cambridge, Massachusetts, renamed Chair.

Kirk A. Sykes, President, Urban Strategy America Fund, L.P., Boston, Massachusetts, renamed Deputy Chair.

New York
Lee C. Bollinger, President, Columbia University, New York, New York, named Chair.

Katheryn S. Wylde, President and Chief Executive Officer, Partnership for New York City, New York, New York, named Deputy Chair.

Philadelphia
Charles P. Pizzi, President and Chief Executive Officer, Tasty Baking Company, Philadelphia, Pennsylvania, renamed Chair.

Jeremy Nowak, President and Chief Executive Officer, The Reinvestment Fund, Philadelphia, Pennsylvania, renamed Deputy Chair.

Cleveland
Alfred M. Rankin, Jr., Chairman, President and Chief Executive Officer, NACCO Industries, Inc., Cleveland, Ohio, renamed Chair.

Richard K. Smucker, Executive Chairman and Co-Chief Executive Officer, The J.M. Smucker Company, Orrville, Ohio, renamed Deputy Chair.

Richmond
Margaret E. McDermid, Senior Vice President and Chief Information Officer, Dominion Resources, Inc., Richmond, Virginia, named Chair.

Linda D. Rabbitt, Chairman and Chief Executive Officer, Rand Construction Corporation, Washington, D.C., named Deputy Chair.

Atlanta
Carol B. Tomé, Chief Financial Officer and Executive Vice President, The Home Depot, Atlanta, Georgia, renamed Chair.

Thomas I. Barkin, Director, McKinsey & Company, Atlanta, Georgia, renamed Deputy Chair.

Chicago
William C. Foote, Chairman and Chief Executive Officer, USG Corporation, Chicago, Illinois, renamed Chair.

Thomas J. Wilson, Chairman, President and Chief Executive Officer, The Allstate Corporation, Northbrook, Illinois, renamed Deputy Chair.

St. Louis
Steven H. Lipstein, President and Chief Executive Officer, BJC HealthCare, St. Louis, Missouri, renamed Chair.

Ward M. Klein, Chief Executive Officer, Energizer Holdings, Inc., St. Louis, Missouri, renamed Deputy Chair.

Minneapolis
John W. Marvin, Chairman and Chief Executive Officer, Marvin Windows and Doors, Warroad, Minnesota, renamed Chair.

Mary K. Brainerd, President and Chief Executive Officer, HealthPartners, Minneapolis, Minnesota, renamed Deputy Chair.

Kansas City
Paul DeBruce, Chief Executive Officer and Chairman/Founder, DeBruce Grain, Inc., Kansas City, Missouri, named Chair.

Lu M. Cordova, Chief Executive Officer, Corlund Industries, LLC; President and General Manager, Almacen Storage Group, Boulder, Colorado, named Deputy Chair.

Dallas
Herb Kelleher, Founder and Chairman Emeritus, Southwest Airlines, Dallas, Texas, named Chair.

Myron E. Ullman III, Chief Executive Officer and Chairman of the Board, J.C. Penney Company, Inc., Plano, Texas, named Deputy Chair.

San Francisco
Douglas W. Shorenstein, Chairman and Chief Executive Officer, Shorenstein Properties LLC, San Francisco, California, named Chair.

Patricia E. Yarrington, Vice President and Chief Financial Officer, Chevron Corporation, San Ramon, California, named Deputy Chair.

 
Last update: July 19, 2010