For immediate release: January 21, 2009
James T. Hackett and Herb Kelleher to Lead Dallas Fed Board
DALLAS—The Federal Reserve Board of Governors has reappointed James T. Hackett of Houston as chairman and appointed Herb Kelleher of Dallas as deputy chairman of the Federal Reserve Bank of Dallas board of directors for 2009.
“The Dallas Fed is blessed to have two of the nation’s finest hands-on business leaders lead its board,” said Dallas Fed president and CEO Richard W. Fisher.
Hackett is chairman and CEO of Anadarko Petroleum Corp. of Houston. He was appointed to the Dallas board in 2006 and served as chairman in 2007 and 2008. He previously served on the Bank’s Houston Branch board.
Before joining Anadarko, Hackett was president and CEO of Devon Energy Corp., following its merger with Ocean Energy, where he had served as chairman and CEO.
Hackett is a director of Halliburton Company and Fluor Corp. He also is finance chairman of Baylor College of Medicine and serves on the Houston Grand Opera Board. Hackett is an adjunct professor of management at Rice University.
Kelleher of Dallas is cofounder and executive chairman emeritus of Southwest Airlines, serving as president and CEO from 1981 to 2001. He retired as executive chairman in 2008, after 30 years in that position.
He has served on the boards of several civic and professional organizations and has received numerous awards, including the Wright Brothers Memorial Trophy, Inc. magazine’s U.S. Master Entrepreneur and the Bower Award for Business Leadership from the Franklin Institute.
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 Federal Reserve Board of Governors. Of the three latter appointees, one is designated chairman and another deputy chairman.
For more information on the Dallas Fed, visit www.dallasfed.org.
Phone: (214) 922-5307