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News Releases


Oct. 25, 2017

Richmond Fed Announces Officer Appointment

The Federal Reserve Bank of Richmond announces the following officer appointment:

Karen Schettino has been appointed as vice president and chief financial officer, with responsibility for the Richmond Fed’s budget process, financial planning and other policy and compliance matters. The appointment was effective September 25.

Schettino joined the Richmond Fed from Performance Food Group, where she had served as vice president of finance and director of accounting. She previously held financial management leadership roles with pharmaceutical and packaging companies.

Schettino earned a bachelor’s degree in accountancy from Northern Illinois University and is a certified public accountant.

As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District—including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia—to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.


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