Sophie Minich Appointed to Seattle Branch Federal Reserve Board
Seattle, Washington – The Board of Governors of the Federal Reserve System has appointed Sophie Minich, president and CEO, Cook Inlet Region, Inc. (CIRI), to the Seattle Branch board of directors. The appointment was effective September 1, 2015. Ms. Minich was appointed to provide insights on her respective business sector and offer observations on the economy.
CIRI is one of 12 land-based Alaska Native regional corporations created by the Alaska Native Claims Settlement Act of 1971. CIRI’s business lines include energy development, oilfield and construction services, real estate, and tourism and hospitality. CIRI is Southcentral Alaska’s largest private landowner with approximately 1.3 million acres. Other land holdings are located in Texas, Arizona, California and Hawaii. CIRI has approximately $1 billion in assets.
Ms. Minich joined CIRI in 1993, shortly after graduating from the University of Alaska Anchorage with a degree in finance. She has held various positions of increasing responsibility and was appointed to her current position in January 2013.
Ms. Minich is on the board of the Anchorage Economic Development Council as well as a Trustee of Alaska Regional Hospital, and CIRI Elder’s Trust. She’s also a member of the Great West Division Board of the American Cancer Society.
Other members of the Seattle Branch board include Scott L. Morris, Avista Corp.; Craig Dawson, Retail Lockbox; Greg C. Leeds, Wizards of the Coast; Mary O. McWilliams, Washington Health Alliance (retired); Carol K. Nelson, KeyBank; and Nicole W. Piasecki, Boeing Commercial Airplanes.
Federal Reserve Bank of San Francisco
The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.