Who We Are

Board of Directors



Claude Z. Demby

Director of the Federal Reserve Bank of Richmond since 2012

Claude Demby is chief executive officer of Noël Group, a privately-owned industrial management company that invests in, leads and strategically manages manufacturing companies that transform engineered synthetic materials. Since joining the Noël Group in 2008, Demby has focused on expanding into new markets, technologies and businesses, extending products and capabilities globally, and developing products through innovation.

Demby has more than 20 years of experience in leadership and manufacturing. He previously was president, chief operating officer and a director for L&L Products Inc., a privately-owned manufacturing company serving the automotive, aerospace and military industries. His early career includes management positions at both Proctor and Gamble and GE.

His business and community affiliations include Nomacorc and the Greater Raleigh Chamber of Commerce.

He holds a bachelor’s degree in chemical engineering from the University of Delaware and an MBA from Rensselaer Polytechnic Institute.

Contact Us


Laura Fortunato
(804) 697-8196
(804) 698-0927 (mobile)

Lisa Oliva
(804) 697-8192