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The Fed Names Chairs, Deputy Chairs For 12 Reserve Banks

Jan 06, 2022
Federal Reserve Seal Logo

In recent years, the Federal Reserve System has worked to increase the overall diversity of the Reserve Bank and branch boards of directors and continues to build on those efforts.

The Federal Reserve Board on Wednesday announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2022.

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.

In recent years, the Federal Reserve System has worked to increase the overall diversity of the Reserve Bank and branch boards of directors and continues to build on those efforts. To that end, the board updated information on its website about the gender and race/ethnicity of Reserve Bank boards of directors and about the sectors represented by those directors. Similar details about Reserve Bank branch boards of directors will be published in the coming weeks.

Following are the chairs and deputy chairs designated by the board for 2022:

Boston: Christina Hull Paxson, president, Brown University, Providence, R.I., renamed chair.

Corey Thomas, chairman and CEO, Rapid7, LLC, Boston, renamed deputy chair.

New York: Rosa M. Gil, founder, president, and CEO, Comunilife Inc., New York, named chair.

Vincent Alvarez, president, New York City Central Labor Council, AFL-CIO, New York, named deputy chair.

Philadelphia: Madeline Bell, president and CEO, The Children's Hospital of Philadelphia (Penn.), renamed chair.

Anthony Ibarguen, CEO, Quench USA Inc., King of Prussia, Penn., renamed deputy chair.

Cleveland: Dwight E. Smith, president and CEO, Sophisticated Systems Inc., Columbus, Ohio, renamed chair.

Doris Carson Williams, president and CEO, African American Chamber of Commerce of Western Pennsylvania, Pittsburgh, Penn., renamed deputy chair.

Richmond: Eugene A. Woods, president and CEO, Atrium Health, Charlotte, N.C., renamed chair.

Jodie W. McLean, CEO, EDENS, Washington, D.C., renamed deputy chair.

Atlanta: Elizabeth A. Smith, former executive chair, Bloomin' Brands Inc., Tampa, Fla., renamed chair.

Claire Lewis Arnold,CEO, Leapfrog Services Inc., Atlanta, renamed deputy chair.

Chicago: Helene D. Gayle, M.D., president and CEO, The Chicago Community Trust, Chicago, named chair.

Jennifer F. Scanlon, president and CEO, UL Inc., Northbrook, Ill., named deputy chair.

St. Louis: James M. McKelvey Jr., founder and CO, Invisibly, Inc., St. Louis, Mo., named chair.

Carolyn Chism Hardy, president and CEO, Chism Hardy Investments, LLC, Bartlett, Tenn., named deputy chair.

Minneapolis: Srilata Zaheer, dean, Carlson School of Management, University of Minnesota, Minneapolis, Minn., renamed chair.

Chris Hilger, chairman, president, and CEO, Securian Financial, St. Paul, Minn., named deputy chair.

Kansas City: Edmond Johnson, president and CEO, Premier Manufacturing Inc. and president and CEO, eNFUSION, Frederick, Colo., renamed chair.

Patrick A. Dujakovich, president, Greater Kansas City AFL-CIO, Kansas City, Mo., renamed deputy chair.

Dallas: Thomas J. Falk, retired chairman and CEO, Kimberly-Clark Corp., Dallas, named chair.

Claudia Aguirre, president and CEO, BakerRipley, Houston,named deputy chair.

San Francisco: Tamara L. Lundgren, chairman, president, and CEO, Schnitzer Steel Industries Inc., Portland, Ore., named chair.

David P. White, immediate past CEO and current strategic advisor, Screen Actors Guild (SAG-AFTRA), Los Angeles, and current venture partner, Ulu Ventures, Palo Alto, Calif., named deputy chair.


About the author
David Krechevsky was an editor at NMP.
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