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Press Release

Cleveland Fed appoints Elizabeth Marengo as chief human resources officer

The Federal Reserve Bank of Cleveland has hired Elizabeth Marengo as senior vice president and chief human resources officer, effective March 9.

Marengo, a Cleveland native, has more than 20 years of leadership experience across human resources, talent strategy, and organizational development. She has held executive roles for a diverse range of organizations spanning the nonprofit, edtech, consumer packaged goods, and global chemical manufacturing sectors.

“Elizabeth’s experience and dedication to our mission will ensure the Cleveland Fed team continues to serve the American people with excellence for years to come,” said Beth Hammack, president and CEO of the Cleveland Fed. 

Most recently, Marengo served as chief people officer at HMH, a Boston-based provider of integrated learning solutions for K-12 students and educators.

At the Cleveland Fed, Marengo will lead a team that partners with departments across the Bank to attract, engage, and retain talented employees. The Cleveland Fed has more than a thousand employees in Cleveland, Cincinnati, Pittsburgh and throughout the Fourth Federal Reserve District.

Marengo holds a bachelor's degree in business administration from Kent State University and a master’s in organizational development and change management from Case Western Reserve University.

She is currently on the board of trustees for Cleveland Clinic Marymount Hospital and the Ohio Chapter of the National Multiple Sclerosis Society.

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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