Boston Fed Announces 2015 Board of Directors
Contact: Tom Lavelle, 617 973-3647, Thomas.L.Lavelle@bos.frb.org or Joel Werkema, 617 973-3510, Joel.Werkema@bos.frb.org
The Federal Reserve Bank of Boston announced its 2015 Board of Directors. The Board of Directors includes:
- William D. Nordhaus, Chair and a Class C Director, is Sterling Professor of Economics at Yale University. Mr. Nordhaus has a B.A. from Yale and a Ph.D. from MIT. He has been a member of the Yale faculty since 1967, currently in the Faculty of Arts and Sciences and in Yale's School of Forestry and Environmental Studies. He is on the research staff of the National Bureau of Economic Research, the Cowles Foundation for Research, and is a senior advisor of the Brookings Panel on Economic Activity. Mr. Nordhaus is a member of the National Academy of Sciences and a fellow of the American Academy of Arts and Sciences. He was president of the American Economic Association in 2014-2015 and serves on that association's executive committee.
- John F. Fish, Deputy Chair and a Class C Director, is the chairman and chief executive officer of Suffolk Construction Company, Inc., a national, privately held general building contractor with $2.5 billion in annual revenue. Mr. Fish is also chair of the Boston 2024 Partnership which is pursuing a bid for Boston and the United States of America to host the 2024 Summer Olympic and Paralympic Games. He is the chairman of the Greater Boston Chamber of Commerce and founding member and former chair of the Massachusetts Competitive Partnership (MACP). He also chairs the Brigham and Women's Hospital $1 billion capital campaign and is the Chairman of the Board at Boston College, the first non-alumnus to ever fulfill that role. Mr. Fish is the founder and chairman of Scholar Athletes, a program focused on improving the academic performance of high school scholar athletes in the Boston Public Schools.
- Joseph "Jay" L. Hooley, a Class A Director, is chairman and chief executive officer of State Street Corporation. Since joining State Street in 1986, Mr. Hooley has held a number of diverse leadership positions with increasing responsibility. Mr. Hooley was appointed vice chairman of State Street in 2006 and president and chief operating officer in 2008. He assumed his current role in 2010. Mr. Hooley is a director on the board of Boys & Girls Clubs of Boston, the President's Council of the Massachusetts General Hospital, the Massachusetts Competitive Partnership (MACP), and is also a member of the Financial Services Forum in Washington.
- Peter Judkins, a Class A Director, is president and chief executive officer of Franklin Savings Bank, a mutual savings bank based in Farmington, Maine. Mr. Judkins holds an undergraduate degree from the University of Maine. Prior to joining Franklin Savings Bank in 1999, Mr. Judkins held various sales and sales management positions with American Express and Citicorp, taking he and his family from Maine to New York, to Pittsburgh, to Washington D.C., to Salt Lake City, and to Boston. Franklin Savings Bank has branch offices in seven Maine cities and towns.
- Michael E. Tucker, Esq., a Class A Director, is president, chief executive officer, and director of Greenfield Co-operative Bank and its parent company, Greenfield Bancorp MHC, a position he has held since 2003. A lawyer by training, Mr. Tucker began his career at the Springfield Institution for Savings, where he later served as senior vice president and general counsel. Mr. Tucker also was senior vice president and senior operating officer at Easthampton Savings Bank. He has held a number of positions on committees of the board of the Massachusetts Bankers Association, including state chairman from 2013 to 2014. Mr. Tucker is also a director of the Cooperative Banks Employees Retirement Association, and a member of the Economic Development Council of Western Massachusetts. He is currently a director of the Franklin County Chamber of Commerce and a Trustee of the Horace Smith Fund Scholarship Fund.
- Roger S. Berkowitz, a Class B Director, is president and chief executive officer of Legal Sea Foods, a seafood company with over thirty restaurant locations, a wholesale business and a mail order division. Mr. Berkowitz is a member of the Board of Directors for the Regional Selection Panel for the President's Commission on White House Fellowships. He was appointed to the Special Commission Relative to Seafood Marketing by the Governor of Massachusetts, and is a member of the Massachusetts Workforce Train Fund Advisory Committee. He also serves on the Board of Directors for Dana-Farber Cancer Institute and the Leadership Council at the Harvard School of Public Health. Mr. Berkowitz is a past member of the Federal Reserve Bank of Boston's New England Advisory Council.
- Gary L. Gottlieb, M.D., a Class B Director, has served as president and chief executive officer of Partners HealthCare since 2010. Prior to his current role, he served as president of Boston's Brigham and Women's & Faulkner Hospitals since March of 2002. On July 1, 2015, he will become chief executive officer of Partners In Health, a global health non-governmental organization. He is also a professor of psychiatry at Harvard Medical School. Dr. Gottlieb is Chair of the Board of Directors of the Boston Private Industry Council, Boston's workforce investment board. He is also a member of the Institute of Medicine of the National Academy of Sciences, and is a longstanding governor on the Board of Trustees of Partners in Health.
- Laura J. Sen, a Class B Director, is president and chief executive officer of BJ's Wholesale Club, a leading operator of membership warehouse clubs in the eastern United States. Prior to her current role at BJ's, Ms. Sen spent more than 20 years at the company in a broad range of senior management roles, including chief operating officer and executive vice president of merchandising and logistics. Ms. Sen also serves on the Board of Directors for the Massachusetts Competitive Partnership (MACP), MassMutual, the National Retail Federation, the Pine Street Inn, the Dana-Farber Cancer Institute and the Boston Ballet.
- Catherine D'Amato, a Class C Director, is president and chief executive officer of The Greater Boston Food Bank, New England's largest nonprofit hunger-relief organization and food distribution business. Before joining the Boston agency in 1995, she had been the chief executive at food banks in Western Massachusetts and San Francisco. Ms. D'Amato currently serves on the Board of Directors of the Boston Foundation, the Massachusetts Food Association, and Basic Health International. She was named Vice Chair of the Boston Foundation's Board of Directors in 2009. She also serves on the Massachusetts Grocery Access Task Force and the Pinnacle Leadership & Team Development Advisory Board.
Federal Advisory Council Representative
- Richard E. Holbrook, chairman and chief executive officer of Eastern Bank Corporation, serves as the Federal Advisory Council (FAC) representative for the First Federal Reserve District. The FAC meets quarterly to discuss business and financial conditions with the Federal Reserve Board of Governors in Washington, D.C. It is composed of one banker from each of the 12 Federal Reserve Districts.
Mr. Holbrook also serves on the executive committee of the Boston Chamber of Commerce and as chair of the Massachusetts Bankers Association. He is chair of the Mutual Institutions Council of the American Bankers Association. Mr. Holbrook is a director of Partners HealthCare, Inc., and of Jobs for Massachusetts, and is chairman of the board of trustees of the North Shore Medical Center.
About the Federal Reserve Bank of Boston's Board of Directors
The Federal Reserve Act requires that each Reserve Bank has nine directors. Three Class A Directors represent member banks in the district; three Class B Directors and three Class C Directors are selected with due consideration to the interests of agriculture, commerce, industry, services, labor, and consumers. The Member banks elect Class A and Class B Directors. The Board of Governors of the Federal Reserve System in Washington, D.C. appoints Class C Directors and from this group designates the Chair and Deputy Chair.
For more information, visit the Federal Reserve Bank of Boston's website: http://www.bostonfed.org/about/governance/directors.htm