Matthew K. Rose Appointed to Dallas Fed Board
For immediate release: December 19, 2013
DALLAS—The Federal Reserve Board of Governors has appointed Matthew K. Rose to the Federal Reserve Bank of Dallas board of directors. He will serve a three-year term beginning January 1, 2014.
Rose is chairman and CEO of BNSF Railway Company, headquartered in Fort Worth, Texas. He will become the company’s executive chairman effective January 1, 2014.
“Matt Rose is one of the most respected businessmen in the nation. We are honored to have him serve on our board,” said Dallas Fed president and CEO Richard W. Fisher.
As a Dallas Fed board member, Rose will provide input into regional and national economic conditions as part of the Federal Reserve’s monetary policy functions.
Rose has been CEO of BNSF since 2000 and was named chairman of the company in 2002. Previously, he served as the company’s president and COO.
BNSF is one of North America’s leading freight transportation companies, operating on 32,500 route miles of track in 28 states and two Canadian provinces. The company is one of the top transporters of consumer goods, grain and agricultural products, low-sulfur coal, and industrial goods such as petroleum, chemicals, housing materials, food and beverages.
Prior to his time at BNSF, Rose held several other positions for companies in the transportation industry, including vice president of Triple Crown Services, a Norfolk Southern subsidiary. He began his career as a corporate management trainee with Missouri Pacific in 1981.
He is a member of the board of directors for AT&T Inc. and the U.S. Chamber of Commerce. He is also a member of the Business Roundtable.
Rose holds a bachelor’s degree from the University of Missouri.
Each Federal Reserve Bank has a nine-member board of directors. Three members represent commercial banks, three represent the public and three are appointed by the Board of Governors in Washington, D.C.
Federal Reserve Bank of Dallas