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November 18, 2011

Richmond Fed Appoints Michael Stough as General Auditor

Richmond, Va.

The Federal Reserve Bank of Richmond announces the appointment of Michael D. Stough as senior vice president and general auditor. Stough will join the Richmond Fed’s senior leadership team on January 2, 2012, and will lead the Bank’s audit department. He succeeds Robert Wetzel, who is retiring.

“I am excited to be joining the Richmond Fed,” said Stough, who comes to the Bank from Dixon Hughes Goodman LLP in Richmond. “I have a great appreciation for the importance of the Fed’s work and look forward to leading the Bank’s talented and dedicated audit team.”

Stough brings many years of professional experience in internal audit, public accounting consulting and risk management to the Fed. He previously held senior positions at Capital One and PricewaterhouseCoopers LLP, both in Richmond. Stough began his career as an auditor with Alexander & Alexander Service Inc., in Baltimore and later worked for Coopers & Lybrand LLP, there and in Richmond.

“We are delighted that Mike is joining the Federal Reserve Bank of Richmond,” said Dana Boole, chairman of the Audit Committee of the Bank’s Board of Directors. “With his audit and leadership experience, I am confident Mike will make great contributions to both the Richmond Fed and Federal Reserve System.”

Stough’s professional and civic commitments include service with the Greater Richmond Chamber of Commerce, the Richmond Technology Council, TheatreVirginia and the Boy Scouts of America.

He is a graduate of Mary Washington College and holds a master’s degree in business information technology from Johns Hopkins University.

For more information about the Richmond Fed, see www.richmondfed.org.

Photo of Michael Stough (Print Quality)

The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.


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