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Federal Reserve Bank of Atlanta President and CEO Dennis P. Lockhart has announced that he plans to step down from his position on February 28, 2017. President Lockhart has served with distinction since March 1, 2007.

The Class B and C directors of the Federal Reserve Bank of Atlanta (those directors who are not bankers) have formed a committee to conduct a nationwide search to identify a broad, diverse, and highly qualified candidate pool for the next president. Spencer Stuart, an executive search firm, will assist in the search process.

The search committee will interview the top candidates and select a finalist. The Board of Governors of the Federal Reserve System will then interview the final candidate. Subject to Board of Governors' approval, the Bank's Class B and C directors will appoint the new president.

Search Committee

Thomas A. Fanning (Chair)
Chairman, President, and Chief Executive Officer
Southern Company, Atlanta, Georgia
Myron A. Gray
President, U.S. Operations
United Parcel Service, Atlanta, Georgia
Michael J. Jackson (Deputy Chair)
Chairman, Chief Executive Officer, and President
AutoNation Inc., Fort Lauderdale, Florida
Jonathan T. M. Reckford
Chief Executive Officer
Habitat for Humanity International, Atlanta, Georgia
Elizabeth A. Smith
Chairman and Chief Executive Officer
Bloomin' Brands Inc., Tampa, Florida
José S. Suquet
Chairman, President, and Chief Executive Officer
Pan-American Life Insurance Group, New Orleans, Louisiana
(term ended 12/31/16)

How a Fed President Is Selected

Thank You for Your Input

Our public recommendation period has now ended. We thank those who expressed interest and recommended candidates. All submissions have been forwarded to our executive search firm, Spencer Stuart, for proper vetting.

View the Public Webcast

The Atlanta Fed is committed to making the search process as transparent as possible. The Bank hosted a public webcast on October 6, 2016. Tom Fanning, chair of the Atlanta Fed's board of directors as well as the Bank's presidential search committee, joined John Harpole from Spencer Stuart, the executive search firm assisting in the process, in explaining the selection process and fielding questions from the public.

View the webcast here.

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