ATLANTA FED BOARD OF DIRECTORS ANNOUNCES SEARCH FOR NEXT BANK PRESIDENT

The following information was released by the Federal Reserve Bank of Atlanta:

The board of directors of the Federal Reserve Bank of Atlanta announces the initiation of its search for the Bank's next president and chief executive officer. Gregory Haile, chair of the Atlanta Fed board of directors, will chair the search committee, which will include all six of the Atlanta Fed's Class B and C directors.

The president and CEO of the Atlanta Fed is responsible for overseeing all of the Bank's activities, including economic research and payment services, and serves on the Federal Open Market Committee, the monetary policymaking body of the Federal Reserve System.

The process for selecting a Federal Reserve Bank president is set forth in the Federal Reserve Act. The Reserve Bank's Class B and C directorsthose not affiliated with a supervised financial institutionappoint the president, subject to the approval of the Federal Reserve Board of Governors.

Members of the Atlanta Fed search committee include:

Chair Gregory A. Haile, Ft. Lauderdale, Florida, Class C

James O. Etheredge, Atlanta, Georgia, Class C

G. Janelle Frost, DeRidder, Louisiana, Class B

Michael E. Longo, Birmingham, Alabama, Class B

Ana M. Menendez, Coconut Grove, Florida, Class C

Nicole B. Thomas, Jacksonville, Florida, Class B

The search committee will retain an executive search firm to help undertake an expansive search to identify a large pool of candidates who have meaningful ties to the Sixth Federal Reserve District.

"The ideal candidate will have exhibited strategic and operational excellence, as well as a commitment to public service," Haile said. "We will undertake a broad search to find an experienced and strong leaderone who can reflect the unique economic perspectives of the dynamic Southeast economy and advance the vision and mission of the Federal Reserve System."

The search committee will interview the top candidates and identify a finalist, who will be submitted to the Federal Reserve Board of Governors. The Atlanta Fed's Class B and C directors then formally appoint the president, subject to the Board of Governors' approval.

Haile added that the Atlanta Fed search committee is seeking "an exceptional organizational leader who will advance the Bank's long-established values of integrity, excellence, and respect, and who will guide the talented and mission-driven Sixth District team dedicated to fostering the stability of the nation's economic and financial systems."

The Bank and search committee will invite public input throughout the process, aiming to be as open and transparent as possible while preserving candidates' ability to apply and be considered confidentially. The public can follow the progress of the search at atlantafed.org/presidentialsearch.

Dr. Raphael W. Bostic, president and CEO of the Atlanta Fed, announced on November 12 his intention to retire at the end of his current term. If a successor is not appointed by February 28, 2026, Cheryl Venable, the Bank's first vice president and chief operating officer, will assume the duties of president on an interim basis.

The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia, and sections of Louisiana, Mississippi, and Tennessee. As part of the nation's central banking system, the Federal Reserve Bank of Atlanta participates in setting national monetary policy, supervises numerous commercial banks, and provides a variety of financial services to depository institutions and the US government.