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 renamed chairman of the St. Louis Fed’s board of directors. Klein also serves as a member of the boards of directors of Brown Shoe Company, Eden Theological Seminary, St. Louis Regional Chamber, and the United Way of Greater St. Louis. In addition, he is vice chair 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 renamed deputy chair of the St. Louis Fed’s board of directors. Fiehler also serves as a member of the board of directors of Junior Achievement of Greater St. Louis, and the St. Louis Zoo Association.  In addition, she serves on the board of trustees of the Missouri Botanical Garden, and is a member of the International Women’s Forum Missouri.

William E. Chappel, president and CEO of the First National Bank in Vandalia, Ill., was re-elected to a three-year term on the board of directors of the Federal Reserve Bank of St. Louis. Chappel is also president and a member of the board of directors of First Vandalia Corp., treasurer and trustee of Kaskaskia College Foundation, and member of the board of directors of Greenville Regional Hospital.

Sonja Yates Hubbard, CEO of E-Z Mart Stores, Inc. in Texarkana, Texas, was re-elected to a three-year term on the board of directors of the Federal Reserve Bank of St. Louis. Hubbard is also a member of the board of directors of Christus St. Michael Hospital, Opportunities, Inc., and Arkansas Research Alliance. In addition, she serves as an officer with the National Association of Convenience Stores.

George Paz, chairman and CEO of Express Scripts, Inc. in St. Louis, was re-appointed by the Board of Governors to serve a three-year term on the board of directors of the Federal Reserve Bank of St. Louis. Paz also serves on the board of directors of Honeywell International, Inc., the board of trustees of Washington University in St. Louis, as chair of the board of Logos School, and as a member of the University of Missouri-St. Louis Chancellor’s Council.

Also serving on the board of directors for the Federal Reserve Bank of St. Louis are:  Robert G. Jones, president and CEO of Old National Bancorp in Evansville, Ind.; Gregory M.  Duckett, senior vice president and corporate counsel of Baptist Memorial Health Care Corp. in Memphis;  Cal McCastlain, partner of Dover Dixon Horne PLLC, in Little Rock, Ark.; and Susan S. Stephenson, co-chairman and president of Independent Bank in Memphis.

The St. Louis Fed is a corporation chartered under the Federal Reserve Act, and is governed by a board of directors, whose nine members provide oversight of Bank management. Members of the board of directors of the St. Louis Fed and the advisory boards of its three branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn., 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.