For immediate release: January 5, 2024
BIRMINGHAM, Ala.—The Federal Reserve Bank of Atlanta announces the reappointment of Dr. Samuel Addy to the Birmingham Branch board of directors by the Atlanta board of directors. He will serve a three-year term beginning January 1, 2024, and ending December 31, 2026. Addy is associate dean for economic development outreach and senior research economist in the Culverhouse College of Business at The University of Alabama.
Additionally, Hafiz Chandiwala has been reappointed by the Board of Governors to a three-year term beginning January 1, 2024, and ending December 31, 2026. Chandiwala is executive vice president and chief administrative officer of Coca-Cola Bottling Company United Inc. in Birmingham, and he is a graduate of the University of Alabama at Birmingham.
The remaining directors of the Atlanta Fed's Birmingham Branch include:
- Christy Thomas (board chair), chief financial officer of BLOX in Bessemer (term expiring December 31, 2024);
- David Nast, president of Alabama/Florida Panhandle, United Community Bank in Huntsville (term expiring December 31, 2024),
- Melanie Bridgeforth, president and CEO of Women's Foundation of Alabama in Birmingham (term expiring December 31, 2025),
- Randy Breaux, group president of Genuine Parts Company in Birmingham (term expiring December 31, 2025); and
- Michelle Lewis, chief financial officer of AAA Cooper Transportation in Dothan (term expiring December 31, 2024).
Federal Reserve Bank of Atlanta branch directors provide economic information from their industries and the branch territory to the district Bank's president and head office directors, who use the information in discussing monetary policy options and making discount rate recommendations. The Board of Governors appoints three of the Birmingham Branch directors, and the Atlanta head office directors appoint four.