Appointment of Chairmen and Deputy Chairmen of the Federal Reserve Banks

Article excerpt

The Federal Reserve Board on October 27, 2004, announced the appointment of the chairmen and deputy chairmen of the twelve Federal Reserve Banks for 2005.

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 chairman and a second as deputy chairman.

Following are the names of the chairmen and deputy chairmen appointed by the Board for 2005:

Boston

Samuel O. Thier, M.D., professor of medicine and professor of health care policy, Harvard Medical School, Massachusetts General Hospital, Boston, Massachusetts, renamed chairman.

Blenda J. Wilson, president and chief executive officer, Nellie Mae Education Foundation, Quincy, Massachusetts, renamed deputy chairman.

New York

John E. Sexton, president, New York University, New York, New York, renamed chairman.

Jerry I. Speyer, president and chief executive officer, Tishman Speyer Properties, New York, New York, renamed deputy chairman.

Philadelphia

Ronald J. Naples, chairman and chief executive officer, Quaker Chemical Corporation, Conshohocken, Pennsylvania, renamed chairman.

Doris M. Damm, president and chief executive officer, ACCU Staffing Services, Cherry Hill, New Jersey, renamed deputy chairman.

Cleveland

Robert W. Mahoney, retired chairman and chief executive officer, Diebold, Incorporated, Canton, Ohio, renamed chairman.

Charles E. Bunch, president and chief operating officer, PPG Industries, Inc., Pittsburgh, Pennsylvania, renamed deputy chairman.

Richmond

Thomas J. Mackell, Jr., president and chief operating officer, The Kamber Group, Washington, D.C., named chairman.

Theresa M. Stone, chief financial officer, Jefferson-Pilot Corporation, and president, Jefferson-Pilot Communications Company, Greensboro, North Carolina, named deputy chairman. …