January 18, 2012
Membership Appointments to Federal Reserve Bank of San Francisco's Economic Advisory Council
San Francisco, January 18 – The Federal Reserve Bank of San Francisco announced that Mary F. Kaiser, president of California Community Reinvestment Corporation, and Alfred A. Plamann, CEO of Unified Grocers, Inc., were reappointed as chair and vice chair of the Federal Reserve Bank of San Francisco’s Economic Advisory Council (EAC). Ms. Kaiser has been on the council since April 2007 and has served as chair since 2010, while Mr. Plamann joined in January 2009 and has served as vice chair since 2010.
In addition, it was announced that Ian T. Clark, CEO of Genentech, South San Francisco, CA, Philip L. Francis, executive chairman of PetSmart, Inc., Phoenix, AZ, and George Zinn, corporate vice president and treasurer for Microsoft, Redmond, WA, were appointed as the newest members of the Twelfth District's EAC. Mr. Clark, Mr. Francis and Mr. Zinn will serve three-year terms effective January 2012.
Mr. Clark joined Genentech in 2003 as senior vice president and general manager, BioOncology. In 2005 he was named senior vice president, Commercial Operations and became a member of the executive committee, and in January 2006, was named executive vice president, Commercial Operations. He received a BS in biological sciences from Southampton University, UK.
Mr. Clark currently serves on the boards of Solazyme, Inc., in South San Francisco, CA, the Biotechnology Industry Organization (BIO) Industry Association, and is an advisor to the Institute of Life Sciences at Southampton University, UK. He previously served on the boards of Vernalis plc, and Dendreon Corporation.
Prior to joining PetSmart in 1998, Mr. Francis was president and CEO of Shaw’s Supermarkets, Inc. He is a graduate of the University of Illinois and the Indiana University Business School, and has 40 years of retail and wholesale experience.
Mr. Francis is past chairman and currently serves on the board of the Greater Phoenix Leadership Board, Phoenix Teach for America Board, and the Arizona Commerce Authority Board. He is also actively involved in United Way.
Mr. Zinn’s previous role at Microsoft was CFO of the Intellectual Property & Licensing Division. He joined Microsoft in 1996. He holds an AB in economics from Bowdoin College, and an MBA from the University of Washington.
Mr. Zinn serves on the Alaska Permanent Fund Corporation (APFC) Investment Board.
EAC members provide the Bank's senior management with information on current and pending developments in the regional and national economies.
The balance of the San Francisco Fed’s Economic Advisory Council includes:
Richard C. Blum, chairman and CEO, Blum Capital Partners, San Francisco, CA.
Tracey C. Doi, group vice president and CFO, Toyota Motor Sales, USA, Inc., Torrance, CA.
Kim Roberts Hedgpeth, national executive director, American Federation of Television and Radio Artists, Los Angeles, CA.
Sandra R. Hernández, M.D., CEO, The San Francisco Foundation, San Francisco, CA.
Rick R. Holley, president and CEO, Plum Creek Timber Co., Inc., Seattle, WA.
Roy A. Vallee, executive chairman, Avnet, Inc., Phoenix, AZ.
The Federal Reserve Bank of San Francisco, with branch offices in Los Angeles, Seattle, Salt Lake City, and Portland, and a cash processing office in Phoenix, provides wholesale banking services to financial institutions throughout the nine western states. As the nation's central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers certain consumer protection laws, and is fiscal agent for the U.S. government. Follow us on Twitter at twitter.com/sffedreserve