Cleveland Fed Announces Addition to Board of Directors
The Federal Reserve Bank of Cleveland announced the following addition to its main office board of directors, effective May 29, 2023.
Darrell McNair, president and chief executive officer of MVP Plastics, Inc., Middlefield, Ohio, was elected as a Class B director to complete an unexpired term concluding Dec. 31, 2023. He fills a vacancy created on Jan. 1, 2023, when the Board of Governors of the Federal Reserve System named Heidi Gartland, formerly a Class B director, to a Class C director position on the Cleveland board.
McNair currently sits on the Presidents’ Council, which supports Black entrepreneurs and leaders in Northeast Ohio, and is a board member with Medical Mutual of Ohio, Ampco-Pittsburgh Corporation, and the Cleveland–Cuyahoga County Port Authority. He is a past member of the Cleveland Fed’s Cleveland Business Advisory Council.
For more information, visit: Our Directors and Election Process for Federal Reserve Bank of Cleveland Directors.
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
Chuck Soder, chuck.soder@clev.frb.org, 216.672.2798
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