St. Louis Fed Announces Changes to Board of Directors

ST. LOUIS - The Federal Reserve Bank of St. Louis announced the following changes to its board of directors:

Ward M. Klein, CEO of Energizer Holdings Inc. in St. Louis, was designated chairman of the St. Louis Fed’s board of directors. He was also reappointed to a three-year term ending December 31, 2014. Klein also serves as a member of the boards of directors of Brown Shoe Company, Eden Theological Seminary, St. Louis Regional Commerce and Growth Association, and the United Way of Greater St. Louis. In addition, he is a member of the advisory board of the St. Louis region of Teach for America and president of St. Louis Civic Progress.

Sharon D. Fiehler, executive vice president and chief administrative officer of Peabody Energy in St. Louis, was designated deputy chair of the St. Louis Fed’s board of directors. Fiehler also serves as chair of the board of directors of Junior Achievement of Greater St. Louis, and is a member of the Chancellor's Council of the University of Missouri-St. Louis, the board of trustees of the Missouri Botanical Garden, and the board of directors of the St. Louis Zoo Association.

Gregory M. Duckett, senior vice president and corporate counsel of Baptist Memorial Health Care Corp. in Memphis, Tenn., was re-elected to the St. Louis Fed’s board of directors for a three-year term ending December 31, 2014. Duckett also serves as a member of the boards of directors of the National Civil Rights Museum, vice chair of the Tennessee Board of Regents, and member of the Tennessee State Election Commission.

George Paz, chairman and CEO of Express Scripts, Inc. in St. Louis, was elected to the St. Louis Fed's board of directors to fill the unexpired portion of a three-year term ending December 31, 2012. Paz also serves on the board of directors of Honeywell International, Inc., the board of trustees of Washington University in St. Louis, and as chair of the board of Logos School.

Susan S. Stephenson, co-chairman and president of Independent Bank in Memphis, Tenn., was elected to the St. Louis Fed’s board of directors for a three-year term ending December 31, 2014. Stephenson also serves as a board member of Baptist Women’s Hospital, chair of the board of The Leadership Academy, board and executive committee member of the Women’s Foundation for a Greater Memphis, treasurer and trustee of The Elmwood Foundation, and is a board member the University of Memphis LEAD program and Carnival Memphis.

Also serving on the board of directors for the Federal Reserve Bank of St. Louis are:  William E. Chappel, president and CEO, The First National Bank in Vandalia, Ill.; Sonja Yates Hubbard, CEO, E-Z Mart Stores Inc., in Texarkana, Texas; Robert G. Jones, president and CEO, Old National Bancorp in Evansville, Ind.; and Cal McCastlain, partner, Dover Dixon Horne PLLC, in Little Rock, Ark.

The operations of the Federal Reserve Bank of St. Louis and its three branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn., are each supervised by a board of directors who are familiar with the economic and credit conditions of their respective regions.  Their observations – along with the economic data and information gathered and analyzed by St. Louis Fed staff – help ensure that conditions of Main Street America are represented in Federal Open Market Committee deliberations in Washington, D.C.