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the Richmond Fed

Sept. 30, 2019

Richmond Fed Announces Officer Appointments

The Federal Reserve Bank of Richmond announces the following officer appointments, effective September 1:

Diane McDorman has been promoted to group vice president in the National Procurement Office. She has responsibility for managing strategic procurement decisions to maintain the integrity and efficiency of procurement for the Federal Reserve System.

McDorman joined the Richmond Fed in 1989 as a systems analyst and programmer and was named assistant vice president in 2004 after transferring to Treasury Services. In 2014, McDorman became vice president for the Federal Reserve System Payroll.

She earned a bachelor’s degree in information systems from Virginia Commonwealth University.

Karen Schettino has been promoted to group vice president, adding responsibility for the Richmond Fed’s Corporate Planning department to her duties as chief financial officer.

Schettino joined the Richmond Fed in 2017. She previously held financial leadership positions at Performance Food Group, Morton Grove Pharmaceuticals and Rexam Healthcare Packaging.

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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