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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: January 27, 2009

For immediate release

The Federal Reserve Board on Tuesday announced the appointment of the chairs and deputy chairs of the twelve Federal Reserve Banks for 2009.

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 appointed by the Board for 2009:

Boston
Lisa M. Lynch, Dean and Professor of Economics, The Heller School for Social Policy and Management, Brandeis University, Waltham, Massachusetts, renamed Chair.

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

New York
Stephen Friedman, Chairman, Stone Point Capital, LLC, New York, New York, renamed Chair.

Denis M. Hughes, President, New York State AFL-CIO, New York, New York, renamed Deputy Chair.

Philadelphia
William F. Hecht, Retired Chairman, President and Chief Executive Officer, PPL Corporation, Allentown, Pennsylvania, renamed Chair.

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

Cleveland
Tanny B. Crane, President and Chief Executive Officer, Crane Group Company, Columbus, Ohio, renamed Chair.

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

Richmond
Lemuel E. Lewis, President, LocalWeather.com, Suffolk, Virginia, named Chair.

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

Atlanta
D. Scott Davis, Chairman and Chief Executive Officer, United Parcel Service, Atlanta, Georgia, named Chair.

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

Chicago
John A. Canning, Jr., Chairman, Madison Dearborn Partners, LLC, Chicago, Illinois, renamed Chair.

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

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

Ward M. Klein, Chief Executive Officer, Energizer Holdings, Inc., Town & Country, Missouri, named Deputy Chair.

Minneapolis
James J. Hynes, Executive Administrator, Twin City Pipe Trades Service Association, St. Paul, Minnesota, renamed Chair.

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

Kansas City
Lu M. Cordova, Chief Executive Officer, Corlund Industries, LLC and President & General Manager, Almacen Storage Group, Boulder, Colorado, renamed Chair.

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

Dallas
James T. Hackett, Chairman, President and Chief Executive Officer, Anadarko Petroleum Corporation, Houston, Texas, renamed Chair.

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

San Francisco
T. Gary Rogers, Chairman of the Board, Levi Strauss & Co., San Francisco, California, named Chair.

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

 
Last update: January 27, 2009