Meet Our President and First Vice President
As president and chief executive officer of the Federal Reserve Bank of Cleveland, Loretta J. Mester participates in the formulation of US monetary policy and oversees 1,000 employees in Cleveland, Cincinnati, and Pittsburgh who conduct economic research, supervise banking institutions, and provide payment services to depository institutions. She assumed her role as president and chief executive officer in June 2014. For more information, including a full CV, consult Dr. Mester’s bio here.
Gregory L. Stefani is first vice president and chief operating officer of the Federal Reserve Bank of Cleveland. He chairs the Bank’s Executive Leadership Team and oversees all operating and support activities in the Cleveland Bank headquarters and in the Bank’s Pittsburgh and Cincinnati Branches. For more information, see Mr. Stefani’s bio here.
Meet Additional Members of Our Executive Leadership Team
The purpose of the Executive Leadership Team (ELT) is to provide broad organizational leadership, oversight, and direction; to ensure the Bank’s strategy, structure, and culture are aligned; and to serve as an advisory body to the president. Learn more about our other ELT members below.
Mouneer I. Ahmad
Senior Vice President
Mouneer I. Ahmad is a senior vice president at the Federal Reserve Bank of Cleveland responsible for the Bank’s Cash Services, Facilities, and Law Enforcement Departments. His areas of expertise include financial planning and analysis, strategic planning and leadership, business process optimization, and organizational management.
Prior to joining the Cleveland Reserve Bank, Mr. Ahmad was a senior manager in the finance strategy and operations practice at Deloitte Consulting LLP. There, he led several process, organization, and systems strategy development efforts to support multi-billion-dollar company mergers and system integration programs. Before joining Deloitte, Mr. Ahmad was a business advisory manager for Ernst & Young LLP and a senior consultant in the strategy, process, and transformation area for BearingPoint. He was also the US financial operations lead in the organizational development and process improvement area of Oilily Retail USA.
Mr. Ahmad is a member of APICS. He holds a BA in finance from Northern Illinois University.
Senior Vice President and Chief Financial Officer
Michael Beedles is senior vice president and chief financial officer at the Federal Reserve Bank of Cleveland. In this role, which he assumed in November 2019, he is responsible for leading the areas of financial support services, enterprise risk management, and innovation. Prior to engaging his current role, he was vice president of the Financial Support Services Department and led the accounting, financial services, procurement services, payment services, and travel functions within the Bank.
Before joining the Cleveland Reserve Bank in 2018, Mr. Beedles was vice president of finance and global controller at Kalibrate Technologies Ltd. He has also served as controller and director of accounting at Things Remembered and director of finance at the law firm Thompson Hine LLP. His areas of expertise include accounting, finance planning and analysis, and risk and operations management.
Mr. Beedles is a Cleveland native. He holds a BS in accounting and finance from the University of Cincinnati. He is a certified public accountant and a member of the AICPA and the Ohio Society of Certified Public Accountants.
Executive Vice President
Thomas Dockman is executive vice president of the eGovernment Department at the Cleveland Fed. Mr. Dockman joined the Bank as vice president of ecommerce strategic initiatives in 2015, and before that time he held senior leadership positions at financial services and technology companies such as Mitek Systems, Ally Bank, and Intuit. He has more than 20 years of product development and delivery experience in the financial services, insurance, and retail markets.
Mr. Dockman holds a BBA from Cleveland State University.
William D. Fosnight
Senior Vice President and General Counsel
William D. Fosnight is senior vice president and general counsel at the Federal Reserve Bank of Cleveland. He is responsible for overseeing the Legal Department, the Office of the Corporate Secretary and for providing corporate legal counsel and advice to the Bank. He joined the Cleveland Reserve Bank as an attorney in 1986 and was named senior attorney in 1989. He was promoted to assistant vice president and assistant general counsel in 1994, vice president and associate general counsel in 2001, and to his current position in 2011. Before joining the Bank, he was employed as counsel to supervision at the Federal Home Loan Bank of Cincinnati.
Mr. Fosnight earned a BA in economics from Miami University and a JD from Case Western Reserve University School of Law.
Stephen H. Jenkins
Senior Vice President
Stephen H. Jenkins is a senior vice president at the Cleveland Fed responsible for three Bank departments: Supervision and Regulation, Credit Risk Management, and Statistics and Analysis. Steve joined the Supervision and Regulation Department in 1986 as a bank examiner and was appointed to his current position in 2007.
He is a past president of the Northern Ohio Chapter of the Risk Management Association, a trade organization that promotes sound credit risk management practices. Currently, Steve serves as a member of the Bowling Green State University College of Business Leadership Council, a group of alumni who advise the Dean on strategic planning. He also serves on the board of trustees of the HELP Foundation, a nonprofit organization that empowers disabled individuals through residential, day support, educational and vocational programs.
A native of Cleveland, he holds a BS in finance from Bowling Green State University, an MBA from the University of Pittsburgh, and a diploma from the Graduate School of Banking at Colorado.
Senior Vice President and Chief Information Officer
Evelyn Magas is a senior vice president and chief information officer at the Federal Reserve Bank of Cleveland. She is responsible for the strategic leadership of the Bank’s Information Technology Services, Information Security, and Business Continuity functions.
Ms. Magas began her career with the Cleveland Reserve Bank in 1985 as a bank examiner. Since then, she has held positions of increasing responsibility within the Supervision and Regulation Department, including serving as an information technology banking supervisor and operational risk banking supervisor. She was appointed assistant vice president in 2008, with responsibility for business technology services, information management, and quality assurance. She was promoted to vice president of Information Technology Services in 2013 and led the Bank’s applications software development, end user support, and automation infrastructure support. In 2018, Ms. Magas was appointed chief information officer, and she serves on the Bank’s Executive Leadership Team. She currently sits on the Federal Reserve System’s Technology Services Council.
A Cleveland native, Ms. Magas holds a BS in finance and an MBA with a focus in management information systems from the University of Toledo.
Mark S. Meder
Senior Vice President and General Auditor
Mark S. Meder is senior vice president and general auditor at the Federal Reserve Bank of Cleveland, having been appointed to his current position in 2012. He is responsible for the strategic leadership and oversight of the Bank’s Audit Department. He is also responsible for the Audit Application Competency Center of the Federal Reserve System.
Since joining the Cleveland Reserve Bank in 1993, Mr. Meder has been responsible for the safety and soundness of the Fourth Federal Reserve District’s community banking organizations; led the Credit Risk Management, Statistics and Analysis, and Financial Support Services Departments, including Strategy and Performance Management; and served as vice president of regional bank, community bank, and thrift holding company supervision in the Supervision and Regulation Department.
Mr. Meder earned a BBA with a concentration in accounting from Cleveland State University and an MBA from The Ohio State University. He holds a certification in risk management assurance.
Diana C. Starks
Vice President and Director of the Office of Minority and Women Inclusion
Diana C. Starks is vice president of the Human Resources Department, including the Office of Diversity and Inclusion, and director of the Office of Minority and Women Inclusion at the Federal Reserve Bank of Cleveland. There, Ms. Starks leads the Bank’s workforce diversity initiatives; diversity and inclusion education, learning, and development; strategic collaboration with colleagues to develop a nationally recognized supplier diversity program; and efforts to deepen the Bank’s community presence through the provision of financial education and literacy programs for students living in socioeconomically distressed neighborhoods. Ms. Starks holds a BBA from Hiram College, an MA in psychology with a certification in diversity management from Cleveland State University, and an MA in organizational management from the University of Phoenix.
Executive Vice President and Director of Research
Ellis Tallman is executive vice president and director of research at the Federal Reserve Bank of Cleveland, for which he leads the Research Department’s efforts in conducting economic research and policy analysis. He advises the Bank’s president on monetary policy and related matters. Dr. Tallman’s research currently focuses on macroeconomics, economic forecasting, and US historical episodes of financial crises and policy responses.
Prior to joining the Cleveland Reserve Bank, Dr. Tallman was the Danforth-Lewis Professor of Economics and the Department of Economics chair at Oberlin College. Prior to joining Oberlin, he served as a vice president and team leader for the macroeconomics group in the Research Department at the Federal Reserve Bank of Atlanta and as an adjunct professor at Emory University. He also served a two-year appointment as a visiting senior research economist at the Reserve Bank of Australia.
Dr. Tallman earned a BA in economics from Indiana University and an MA and a PhD in economics from the University of Rochester.
For more information, see Dr. Tallman’s bio here.
Lisa M. Vidacs
Senior Vice President
Lisa M. Vidacs is a senior vice president at the Federal Reserve Bank of Cleveland, overseeing the Corporate Communications and Engagement Department. After joining the Bank in 1987, she held management positions in both the Cash and Check Departments before being appointed assistant vice president in 2003. She was appointed vice president in 2005 and served as chair of the Bank Management Committee. In 2007, Ms. Vidacs was appointed senior vice president. She currently sits on the Bank’s Executive Leadership Team and serves as chair of the Federal Reserve System’s Subcommittee on Public Information.
Outside the Cleveland Fed, she serves as president of the board of the Cleveland Furniture Bank.
Ms. Vidacs earned a BBA in finance from Kent State University. She is a graduate of Leadership Cleveland and of the BAI Graduate School of Bank Operations and Technology conducted by BAI and Vanderbilt University.
Senior Vice President
Margie Wright-McGowan was appointed senior vice president of the Human Resources Department at the Cleveland Fed in 2017. Her expertise includes aligning human resource strategy with business goals to achieve significant improvements in employee engagement, organizational productivity, and management capability.
Prior to her appointment at the Cleveland Fed, Wright-McGowan was the vice president of human resources, talent, and culture at the Vitamix Corporation in Cleveland, Ohio. In this role, she led the Global Human Resources function, overseeing all human resources aspects of the organization, and was a member of the senior leadership team. Before joining Vitamix, she was divisional human resources leader for Siemens Healthcare.
She is a member of the board of the Lakewood Catholic Academy and supports the Cleveland Clinic Children’s Center for Autism.
Wright-McGowan holds a BA in political science from Ohio University, and she attended the strategic management program at Yale University and the human resources development program at the University of Michigan.