November 8, 2023 – Cleveland Fed Launches Presidential Search
The Federal Reserve Bank of Cleveland has launched a search for our next president and chief executive officer. This leader will succeed President and CEO Loretta J. Mester, whose tenure will conclude on June 30, 2024, in accordance with Federal Reserve mandatory age and length of service policies.
Following directives in the Federal Reserve Act, the Reserve Bank's board of directors formed a search committee comprising its eligible Class B and C directors, those directors who are elected or appointed to represent the public and are not bankers. Our search committee is chaired by Heidi Gartland, deputy chair of the Bank’s board of directors and a Class C director.
The role of Reserve Bank president requires an individual who is committed to public service and to advancing the vision and mission of the Cleveland Fed and the work of the Federal Reserve System. The president of the Cleveland Fed plays a key role in shaping monetary and economic policy for our nation, representing the economic landscape of the historic and dynamic communities that comprise America’s industrial heartland in the Fourth Federal Reserve District.
The president must possess economic and finance expertise, a passion for public service, and the experience necessary to lead the Bank’s talented, mission-driven team of employees. Every day, the Cleveland Fed is focused on improving economic well-being in our communities, our region, and our nation.
The committee is conducting a rigorous nationwide search to identify a broad and diverse pool of highly qualified candidates, with support from the executive-search consultancy Spencer Stuart.
The Cleveland Fed is committed to a fair, robust, transparent, and inclusive presidential search process. Please explore this section for additional information about the search, and bookmark this page for updates.