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Press Release

Federal Reserve Bank of Cleveland Announces Officer Promotions

The Bank announced several promotions in the following departments effective January 1, 2021:

Supervision, Credit Risk, and Statistics

Denise Duffy was promoted to vice president. In this role, Duffy will maintain her leadership responsibilities within the surveillance and advanced analytics functions of Supervision and Regulation and will oversee the System’s Bank Examinations Tailored to Risk Metrics Office.

Duffy holds a BS in economics from John Carroll University, an MA in economics from Pennsylvania State University, and an MBA in analytic finance and econometrics from the University of Chicago. She is currently pursuing a PhD in management from the Weatherhead School of Management at Case Western Reserve University.

Chad Siegrist was promoted to assistant vice president and will continue to lead the Cybersecurity Analytics Support Team.

He began his career with the Bank in 2015 as an IT examiner and moved through positions of increasing responsibility in the Supervision and Regulation Department.

Siegrist holds a BA in intelligence studies from American Military University and an MS in management of secure information systems from George Mason University.

People and Culture

Paula Calmer was promoted to vice president. Calmer will maintain her leadership responsibilities for talent acquisition and talent management, where she leads a team in the execution of strategic staffing plans as well as driving succession planning and training and development initiatives. Additionally, she will manage a team of human resource business partners that will focus on employee experience and supporting business objectives.

Prior to joining the Bank in 2017, she worked for PNC Bank, holding officer positions focused in talent acquisition, human resources business partnerships, and project management.

Calmer holds a dual BA in public relations and women’s studies from Bowling Green State University.

George Sample was promoted to assistant vice president and deputy director for the Office of Minority and Women Inclusion. In this role, Sample will lead the Bank’s internal diversity, equity, inclusion, and opportunity initiatives and drive a more inclusive workplace culture.

Sample joined the Bank in 2019 as manager of the human resources business partner team. Prior to joining the Bank, he was the director of human resources at the Cuyahoga County Public Library and has served in multiple human resources management positions at the Northeast Ohio Regional Sewer District and the Lubrizol Corporation.

He holds a BA in computer science and an MBA from John Carroll University.

Corporate Communications and Engagement

Sharmila Bettes was promoted to assistant vice president. She will lead the multiyear initiative to redesign and redevelop the Bank’s external website and will maintain responsibility of the Bank’s internal website and user experience lab.

Prior to joining the Bank in 2016, Bettes was the e-commerce and information technology manager at the Sherwin Williams Company, where she was responsible for setting the vision for the organization's strategy for e-commerce platform management, master data management, and user experience design.

Bettes holds an MBA in information systems from the Vignana Jyothi Institute of Management in India and an MS in computer science from Cleveland State University.

Stacey Talley was promoted to assistant vice president. In this role, Talley will continue to lead employee communications and will assume the leadership of multimedia and editorial services.

Talley has held leadership positions throughout the Bank, and served as corporate secretary from 2001 to 2004. While working away from the Bank for several years, Talley served as the program director for a youth civic leadership program and managed campaign fundraising for Cleveland Mayor Frank Jackson. She returned to the Bank in 2015 and became the manager of employee communications in 2016.

Talley holds a BS in economics from the Wharton School of the University of Pennsylvania.

Treasury Services

Jamie Cutshaw was promoted to assistant vice president. Cutshaw will continue to lead Treasury Services’ application security and fraud management functions, and will serve as information systems security officer for the Transforming Tax Collections program.

During his time in Treasury Services, Cutshaw has led various efforts that have expanded the capabilities of the application security teams and have enhanced the security posture of the US Treasury’s revenue collections. He began his career with the Bank in 2008, and has moved through positions of increasing responsibility.

He holds a BS in management information systems from Youngstown State University and an executive MS in economic crime management from Utica College.

Jeremy Jarvis has been promoted to assistant vice president where he will maintain leadership responsibility for Treasury Services operations. Working closely with Treasury Services’ product teams, Jarvis will lead ongoing efforts to build and enhance existing programs while defining the vision for current and future operational programs.

Jarvis joined the Bank in 2016 as a senior operations manager, where he has provided strong oversight of multiple initiatives within Treasury Services.

He holds a BS in accounting and forensic accounting from Franklin University.

Bobbi Kibbey was promoted to assistant vice president where she will continue to lead the Direct Voucher Submission, Treasury Cash Management System, and Debit Gateway technology teams, serve as a product owner, and provide oversight to the scrum masters.

Prior to joining the Bank in 2016, Kibbey honed her leadership skills from cross-industry experience with clients such as Goodyear, Aetna, Honda, and Microsoft and through work in technology sales and as a delivery consultant for IBM Global Services. She also directed several teams in American Greetings’ online division, for which she focused on agile transformation, organizational culture, and strategy and innovation for both business-to-consumer and business-to-business customer groups.

She holds a BBA in information systems from Kent State University.

Meredith Miller was promoted to assistant vice president. In her expanded role, Miller will be responsible for building strong customer relationships that will position the Bank to better serve the US Treasury’s strategic goals while developing customer support solutions that meet customers’ immediate needs and long-term goals.

Since joining the Federal Reserve System in 2012, Miller has held positions of increasing responsibility in support of the Bank’s work on behalf of the US Treasury.

She holds a BA from Washburn University and an MBA from Lindenwood University.

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell,, 513.455.4479