The Federal Reserve Bank of Richmond is conducting a search for a new president following the retirement of Jeffrey M. Lacker.
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Federal Reserve Bank of Richmond President and CEO Jeffrey M. Lacker has retired. Board Chair Margaret Lewis leads a committee of the Class B and C directors of the Federal Reserve Bank of Richmond (those directors who are not bankers) to conduct a nationwide search to identify a broad, diverse, and highly qualified candidate pool for the next president. The search firm of Heidrick & Struggles has been engaged to assist the committee. Applicants from both inside and outside the Federal Reserve System can apply.
The search committee will interview the top candidates and select the finalists. The Board of Governors of the Federal Reserve System will then interview the final candidates. Subject to Board of Governors' approval, the Bank's Class B and C directors will appoint the new president.
Margaret G. Lewis (Chair of the Board)
HCA Capital Division
Calvin G. Butler Jr.
CEO, Baltimore Gas and Electric Company (BGE)
Thomas C. Nelson
Chairman, President & CEO
National Gypsum Company
Charlotte, North Carolina
Kathy J. Warden
Corporate Vice President & President, Mission Systems
Northrop Grumman Corporation
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.