Thursday, December 1, 2022

Kansas City Fed president/CEO announces retirement; search committee formed

Esther George, president and CEO of the Federal Reserve Bank of Kansas City, announced today she intends to retire in January 2023, as required by the Federal Reserve’s mandatory retirement rules for Reserve Bank presidents.

George, who began serving as president on Oct. 1, 2011, marked 40 years of service at the Kansas City Fed in April.

Consistent with the process outlined by the Federal Reserve Act, the Kansas City Fed’s Board of Directors has formed a presidential Search Committee consisting of its Class B and C directors, who are not affiliated with the banking industry. The committee has launched a nationwide search to identify a broad, diverse and highly qualified pool of candidates. Its work will be supported by Egon Zehnder, a global leadership advisory and executive search firm.

Under the process outlined by the Federal Reserve Act, Class B and C directors are responsible for appointing the president, subject to the approval of the Federal Reserve’s Board of Governors in Washington, D.C.

The Search Committee members are:

• Search Committee Chair — María Griego-Raby, president and principal, Contract Associates, Albuquerque, New Mexico.

• Ruben Alonso III, CEO, AltCap, Kansas City, Missouri.

• Patrick A. Dujakovich, president, Greater Kansas City AFL-CIO, Kansas City, Missouri.

• Board Chair — Edmond Johnson, president and chief executive officer, Premier Manufacturing, Inc. and ENFusion, Frederick, Colorado.

• Doug Stussi, executive advisor, Love Family of Companies, Oklahoma City.

You can read more about the presidential search by visiting the Kansas City’s Fed website at www.KansasCityFed.org/presidentialsearch, which will be continuously updated through the process.