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, effective Jan. 1, 2015:

George Paz, chairman and CEO of Express Scripts, Inc. in St. Louis, was named chairman of the St. Louis Fed’s board of directors.

Rakesh Sachdev, president and CEO of Sigma-Aldrich Corporation in St. Louis, was reappointed as a director of the St. Louis Fed’s board of directors, for a three-year term, and named deputy chair of the board.

Kathleen M. Mazzarella, chairman, president and CEO of Graybar Electric Company in St. Louis, was appointed to a three-year term on the St. Louis Fed’s board of directors.

John N. Roberts III, president and CEO of JB Hunt Transportation Services, Inc. in Lowell, Ark., was elected to a three-year term on the St. Louis Fed’s board of directors.

Susan S. Stephenson, co-chairman and president of Independent Bank in Memphis, was re-elected to a second three-year term on the St. Louis Fed’s board of directors.

Also serving on the board of directors for the Federal Reserve Bank of St. Louis are:  William E. Chappel, president and CEO of The First National Bank in Vandalia, Ill.; Sonja Yates Hubbard, CEO of E-Z Mart Stores Inc. in Texarkana, Texas; Cal McCastlain, partner at Dover Dixon Horne PLLC law firm in Little Rock, Ark.; and
D. Bryan Jordan, chairman, president and CEO of First Horizon National Corporation in Memphis, Tenn.

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 current directors, see www.stlouisfed.org/about_us/board.cfm.