Dallas Fed launches search for president and CEO; search firm hired

For Immediate Release: November 17, 2021

DALLAS—The Federal Reserve Bank of Dallas announced today it has launched the formal process for hiring a president and CEO for the Bank.

The Dallas Fed board of directors has retained Egon Zehnder, a global leadership advisory firm, to assist with the search.

Applicant referrals should be directed to Egon Zehnder at dallasfedsearch@egonzehnder.com.

The Bank’s president is appointed by the Dallas Fed’s Class B and C directors (those elected or appointed to represent the public) subject to approval by the Federal Reserve System Board of Governors, as mandated by the Federal Reserve Act.

“I am looking forward to beginning the process of searching for the next great leader to continue the important work of the Federal Reserve Bank of Dallas and to positively benefit the Eleventh District and our country,” said Thomas Falk, search committee co-chair.

The Dallas Fed board’s search committee is composed of the following directors:

• Claudia Aguirre
  President and CEO
  BakerRipley

• Greg L. Armstrong
  Co-Founder, Retired Chairman and CEO
  Plains All American Pipeline LP

• Thomas J. Falk
  Retired Chairman and CEO
  Kimberly-Clark Corporation

• Renard U. Johnson
  President and CEO
  METI Inc.

• Gerald B. Smith
  Chairman and CEO
  Smith Graham & Co. Investment Advisors LP

• Cindy Taylor
  President and CEO
  Oil States International, Inc.

The committee will consider a large, diverse, nationwide pool of candidates, both within and outside the Federal Reserve System, who meet the position’s qualifications.

The Bank’s president represents the banking and general communities within the Eleventh Federal Reserve District and oversees the Bank’s 1,300 employees. The president also represents the Dallas Fed on the Federal Open Market Committee, the Fed's monetary policy-making body.

The president is responsible for setting the strategic vision for the organization, ensuring its efficient operation and achieving the Bank’s objectives.

For more information on the search, visit: www.dallasfed.org/fed/presidentialsearch.aspx

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Media contact:
James Hoard
Federal Reserve Bank of Dallas
Phone: (214) 922-5307
Email: james.hoard@dal.frb.org