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ST. LOUIS – Rakesh Sachdev, president and CEO of Sigma-Aldrich in St. Louis, has been appointed to fill the unexpired portion of a three-year term on the board of directors of the Federal Reserve Bank of St. Louis that ends Dec. 31, 2014.
The chairman of the board of directors of the Federal Reserve Bank of St. Louis is Sharon D. Fiehler, executive vice president and chief administrative officer of Peabody Energy in St. Louis, and the deputy chair is George Paz, chairman and CEO of Express Scripts, Inc. in St. Louis. Also serving on the board are: William E. Chappel, president and CEO of The First National Bank in Vandalia, Ill.; Gregory M. Duckett, senior vice president and corporate counsel of Baptist Memorial Health Care Corp. in Memphis; Sonja Yates Hubbard, CEO of E-Z Mart Stores Inc. in Texarkana; D. Bryan Jordan, chairman, president and CEO of First Horizon National Corporation in Memphis; Cal McCastlain, partner at Dover Dixon Horne PLLC law firm 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. For a listing of all directors, see www.stlouisfed.org/about_us/board.cfm.