SAN FRANCISCO – The Federal Reserve Bank of San Francisco announced the newest members of its Head Office Board of Directors, a re-elected member, and the redesignations of its chair and deputy chair, effective January 1, 2026.
Newly Appointed by the Board of Governors:
Eric Kutcher (Class C Director)
Senior Partner and Chair, North America
McKinsey & Company
Redwood City, California
Newly Elected by Member Banks:
Krista Snelling (Class A Director)
Chairman and Chief Executive Officer
West Coast Community Bank
Santa Cruz, California
The following Director was re-elected by member banks to a second term:
Maritza Diaz (Class B Director)
Chief Executive Officer
ITJ USA, Inc.
San Diego, California
In addition, Russell A. (Chip) Childs was redesignated by the Board of Governors to serve as Chair of the Head Office Board in 2026, and Pallavi Mehta Wahi to serve as Deputy Chair:
Russell A. (Chip) Childs
Chief Executive Officer and President
SkyWest, Inc.
St. George, Utah
Pallavi Mehta Wahi
Chair of Western U.S. Strategic Growth, and Seattle Office Head
Arnold & Porter
Seattle, Washington
About the Boards of Directors
The Federal Reserve Act of 1913 requires each of the 12 Reserve Banks to operate under the supervision of a board of directors. The Federal Reserve Bank of San Francisco’s Head Office Board is governed by nine directors who represent the interests of the Twelfth Federal Reserve District and whose experience provides the Bank with a wider range of expertise that helps it fulfill its policy and operational responsibilities. The nine directors of each Reserve Bank are divided evenly by classification: Class A directors represent the member banks in the District; Class B directors and Class C directors represent the interests of the public. In the case of the Federal Reserve Bank of San Francisco, its four branches in Los Angeles, Portland, Salt Lake City, and Seattle each have a separate seven-member branch board.
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.