Board of Directors


Margaret McDermid

Director of the Federal Reserve Bank of Richmond since 2007; serves as chairman

Margaret E. “Lyn” McDermid is senior vice president and chief information officer of Dominion, the energy company based in Richmond.

After joining Virginia Power in 1982, she held various positions in its engineering and construction department before becoming director of administrative services in 1986. She was promoted to vice president of information technology and chief information officer in 1998 and named to her current position in 2000.

Her early career included becoming the first woman to enter the apprentice program at the Newport News Shipyard, where she completed the patternmaker’s program, and working at Stone and Webster Engineering Corp.

She has shared her leadership skills with such organizations as Mary Baldwin College, RichTech (formerly the Greater Richmond Technology Council), the CIO Forum and The Richmond Forum. She also has been a lay member of the Third District Committee of the Virginia State Bar.

She has served on several state advisory boards, including the Chief Information Officer Advisory Board, the Virginia Research and Technology Advisory Council and the Critical Infrastructure Protection Work Group, as well as with J. Sargeant Reynolds Community College.

McDermid received a bachelor’s degree in business from Mary Baldwin College. She earned an MBA from the University of Richmond.

Contact Us


Jim Strader
(804) 697-8956
(804) 332-0207 (mobile)

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