J.C. Penney chairmen reappointed to Dallas Fed board

For immediate release: December 15, 2009

DALLAS—The Federal Reserve Board of Governors has reappointed Myron E. (Mike) Ullman III to the Federal Reserve Bank of Dallas board of directors. He will serve a three-year term ending Dec. 31, 2012.

Ullman is chairman and CEO of J.C. Penney Company, Inc., headquartered in Plano, Texas.  He has served on the Dallas Fed board since 2008.

Before joining J.C. Penney, Ullman served as directeur général, group managing director of LVMH Moët Hennessy Louis Vuitton from 1999 to 2002. He previously served as group chairman and chief executive officer of DFS Group Limited (1995–1999) and as chairman and chief executive officer of R.H. Macy & Co. Inc. (1992–1995).

Ullman is chairman of both the National Retail Federation and Mercy Ships International, a global medical and human services charity. He serves on the board of Starbucks Coffee Company.

He was selected as a White House Fellow by President Ronald Reagan in 1981–82.

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.

For more information on the Dallas Fed, visit www.dallasfed.org.

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Media contact:
James Hoard
Phone: (214) 922-5307
e-mail: james.hoard@dal.frb.org