St. Louis Fed Presidential Search

We are seeking the next president and CEO of the Federal Reserve Bank of St. Louis. This mission-driven role serves the public by promoting a healthy economy and financial stability. It represents diverse communities in national monetary policy discussions. And it leads a talented workforce across a region that’s central to America’s economy.

The St. Louis Fed is committed to a robust, transparent, fair and inclusive presidential search process. Please bookmark this page for updates and information.

Federal Reserve Bank of St. Louis seal in front of the Bank entrance.

Message from Our Search Committee Chair

The Search Committee is focused on finding a new Reserve bank president and CEO who will promote financial stability and a healthy economy for all. The person in this role will represent the diverse views of constituents across the Eighth Federal Reserve District, lead a talented and high-performing workforce, and have an important voice in monetary policymaking—among other essential duties.

Read the full letter.

Job Profile and Application Process

The Federal Reserve Bank of St. Louis President and CEO Job Profile (PDF) describes the role in detail, including key responsibilities as a policymaker and chief executive officer. It also outlines desired qualifications and experience.

Meet the Presidential Search Committee

The St. Louis Fed’s board of directors formed a Search Committee comprising eligible Class B and Class C directors, who are in place on the board to represent the public. Note: Class A directors, who are elected to the board by member financial institutions, are not permitted to take part in the selection of a Reserve bank’s president (or first vice president), nor are they allowed to sit on search committees for those positions.

Search Committee Members

  • James M. McKelvey Jr.

    James M. McKelvey Jr., Chair

    Founder and CEO, Invisibly Inc., St. Louis
    Chair, board of directors
    Class C director

  • Carolyn Chism Hardy

    Carolyn Chism Hardy, Deputy Chair

    President and CEO, Chism Hardy Investments LLC, Bartlett, Tenn.
    Deputy chair, board of directors
    Class C director

  • Lal Karsanbhai

    Lal Karsanbhai

    President and CEO, Emerson Electric Co., St. Louis
    Class C director

  • R. Andrew Clyde

    R. Andrew Clyde

    President and CEO, Murphy USA Inc., El Dorado, Ark.
    Class B director

  • Penny Pennington

    Penny Pennington

    Managing partner, Edward Jones, St. Louis
    Class B director

  • Michael Ugwueke

    Michael Ugwueke

    President and CEO, Methodist Le Bonheur Healthcare, Memphis, Tenn.
    Class B director

Public Input and Engagement

Contact Us

Video: Public Engagement Forum

The St. Louis Fed held a virtual public engagement forum on the presidential search process on Sept. 7, 2023. This live Q&A featured Jim McKelvey, Search Committee chair; Carolyn Chism Hardy, Search Committee deputy chair; and Tom Daniels, a representative of Spencer Stuart (the executive search and leadership consulting firm supporting the search). They were joined by François Henriquez, St. Louis Fed executive vice president, chief administrative officer and general counsel. The event was moderated by Karen Branding, St. Louis Fed senior vice president and corporate secretary. Transcript follows.

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FAQs: About the Search

Find information about the presidential search process, including the composition of a Reserve bank search committee, public information, and the roles and responsibilities of Reserve banks and their leaders.

View FAQs.

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Central to America’s Economy

At the St. Louis Fed, our teams excel through bold leadership and innovative thinking, as reflected in our mission, vision and values. In addition to promoting a healthy economy, our people foster a sound financial system, provide thought leadership on timely economic issues, engage in community development, and more.

Learn about our Bank.

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Living and Working in St. Louis

The Gateway City is home to renowned universities, top chefs, major sports teams, Fortune 500 companies and sprawling natural spaces. Affordable housing, easy commutes and free cultural attractions make the St. Louis area a great place to call home.

Discover more.

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