Presidential Search

The Federal Reserve Bank of Richmond is conducting a search for a new president following the retirement of Jeffrey M. Lacker.

My Richmond Fed

We're looking for a new president. Find out more about what's to love at the Richmond Fed!


Our Board of Directors established a committee of the Bank’s Class B and C directors (those directors who are not bankers) to conduct a nationwide search to identify a broad, diverse and highly qualified candidate pool from which to select a successor. The committee is led by our Board Chair, Margaret Lewis. The executive search firm Heidrick & Struggles has been engaged to assist the committee. 

Finalists selected by the committee will be interviewed by the Board of Governors of the Federal Reserve System. Subject to the approval of the Board of Governors, the Richmond Fed's Class B and C directors will appoint the new president.

Search Committee

Photo of Margaret Lewis

Margaret G. Lewis (Chair of the Board)
Retired President
HCA Capital Division
Richmond, Virginia

Calvin G. Butler Jr.

Calvin G. Butler Jr.
CEO, Baltimore Gas and Electric Company (BGE)
Baltimore, Maryland

Photo of Thomas Nelson

Thomas C. Nelson
Chairman, President & CEO
National Gypsum Company
Charlotte, North Carolina

Photo of Kathy Warden

Kathy J. Warden 
Corporate Vice President & President, Mission Systems
Northrop Grumman Corporation
Linthicum, Maryland

How is a Federal Reserve Bank president selected?

This brief, animated video explains the roles and process involved in selecting a new Federal Reserve Bank president. Courtesy of Federal Reserve Bank of Minneapolis.

Contact Us

Corporate Communications
(804) 697-8970