Albert Chao appointed to Federal Reserve Bank of Dallas' Houston Branch board

For immediate release: December 9, 2014

DALLAS—The Federal Reserve Bank of Dallas has appointed Albert Chao to the Bank’s Houston Branch board of directors for a three-year term beginning Jan. 1, 2015.

In his role as a board member, Chao will provide input into regional economic conditions as part of the Federal Reserve’s monetary policy functions.

Chao is president, chief executive officer and director of Westlake Chemical Corp. and of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP, all headquartered in Houston.

He serves as a director of Suzhou Huasu Plastics Co., Ltd of China. 

Chao has more than 35 years’ experience in the petrochemical, plastics and building products industry, including service with Mobil Oil Corp., Hercules Inc., Gulf Oil Chemicals and China General Plastics Group in Taiwan.  

He serves on the boards of Greater Houston Partnership, Junior Achievement of Southeast Texas, Houston Grand Opera and Houston Methodist Research Institute. 

He also is a member of the Rice University Board of Trustees, Business Committee for Americans for the Arts Executive Board, Houston Methodist Center for Performing Arts Advisory Board, M.D. Anderson University Cancer Foundation Board of Visitors and Texas Children’s Hospital Leadership Cabinet.

He received a B.A. from Brandeis University and M.B.A. from Columbia University.

The Houston Branch board consists of seven members, four appointed by the Dallas Fed and three by the Federal Reserve 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
Email: james.hoard@dal.frb.org