Leadership and Membership Announcements for the Federal Reserve Bank of San Francisco’s Board of Directors
San Francisco, California — The Board of Governors of the Federal Reserve System designated Alexander R. Mehran as chairman of the Federal Reserve Bank of San Francisco’s board of directors, and Barry M. Meyer as deputy chairman, effective January 1, 2017. Mr. Meyer was also reappointed as a Class C director for a three-year term, effective January 1, 2017.
Mr. Mehran is chairman and CEO of Sunset Development Company, San Ramon, California. He is the former chairman of the board of directors of The Bay Area Council, and a current member of its executive committee. He is also a member of the board of directors of the Presidio Trust and chairman of the Contra Costa Economic Partnership. Mr. Mehran graduated with honors from Harvard College, and holds a LLB with honors from Cambridge University. Mr. Mehran previously served as deputy chairman of the Board for the Federal Reserve Bank of San Francisco since 2015.
Mr. Meyer is the chairman and CEO, retired, Warner Brothers Entertainment, and founder and chairman of North Ten Mile Associates, a strategic consultancy firm specializing in entertainment industry clients and issues. He retired from Warner Bros. in 2013, following a 43-year career at the Studio that included 14 years as its chairman and CEO. An active leader in the entertainment industry, he often serves as an advisor on industry-wide production, labor and regulatory issues. He is a board member of interactive publisher Activision/Blizzard, Human Rights Watch, and the Smithsonian National Museum of American History. He is also a member of the Advisory Committee on International Economic Policy for the US Department of State. Mr. Meyer holds a bachelor’s degree from the University of Rochester, and a JD from Case Western Reserve University School of Law.
In addition, Steven R. Gardner, president and CEO of Pacific Premier Bancorp, Inc., Irvine, California, was reelected by member banks as a class A director for a three-year term effective January 1, 2017. Sanford L. Michelman, chairman of Michelman & Robinson, LLP, Los Angeles, California was elected by member banks as Class B director for a three-year term effective January 1, 2017. Rosemary Turner, president of UPS Northern California District, Oakland, California, was appointed by the Board of Governors to the unexpired portion of term (Jan 1, 2017 – Dec 31, 2017).
Mr. Gardner is the president and CEO of Pacific Premier Bancorp, Inc. and its primary operating subsidiary, Pacific Premier Bank. He previously served as vice chair of the SF Fed’s Community Depository Institutions Advisory Council, and is a past president and Chairman of the California Independent Bankers. Mr. Gardner holds a BA from California State University Fullerton.
Mr. Michelman is the chairman of Michelman & Robinson, LLP. He focuses his practice primarily on the insurance, financial services, advertising and digital media industries. He sits on the Board of Directors of other institutions, including the Zimmer Children’s Museum. In addition, he has been honored by the California State Bar for his pro bono work at Bet Tzedek, and was recently appointed to the Insurance Industry Charitable Foundation’s (IICF) Western Division Board. Mr. Michelman holds a bachelor’s degree from the University of California, Los Angeles, and a J.D. from Southwestern University School of Law.
Ms. Turner, president of UPS Northern California, has managed areas that span West to East Coast. In her current role she ensures that UPS provides the logistical capabilities to support new business in Northern and Central California, and Northern Nevada. Her territory spans from Ventura California to Nevada, and is the fastest growing area in the company. She serves as the vice-chair for the Comcast Diversity & Inclusion Council, the board of directors for the Silicon Valley Leadership Group, and is a member of the Bay Area Council executive committee and co-chair of the Council’s transportation committee. Ms. Turner holds a bachelor’s degree in Accounting from Loyola Marymount University in Los Angeles, and a Certification in Total Quality Management at Cosumnes River College in Sacramento.
The balance of the Federal Reserve Bank of San Francisco Board includes:
Steven E. Bochner, partner, Wilson Sonsini Goodrich & Rosati, Palo Alto, CA. Mr. Bochner is a Class B director.
Megan F. Clubb, chairman of the board, Baker Boyer National Bank, Walla Walla, Washington. Ms. Clubb is a Class A director.
Richard A. Galanti, executive vice president and CFO, Costco Wholesale Corporation, Issaquah, Washington. Mr. Galanti is a Class B director.
Peter S. Ho, chairman, president and CEO, Bank of Hawaii and Bank of Hawaii Corporation, Honolulu, Hawaii. Mr. Ho is a Class A director.
Each of the nation’s 12 Federal Reserve Banks has a nine-member board of directors, three of whom are appointed by the Board of Governors of the Federal Reserve System as class C directors. The remaining six (three class A and three class B directors) are elected by the District’s member banks. Class A directors are drawn from the banking community. Class B and C directors are individuals chosen from professions outside the banking community and typically represent business, industry, agriculture, labor and consumers. The board of directors of the Federal Reserve Bank of San Francisco contributes to the formulation of U.S. monetary policy through the industry and regional economic information they provide the bank’s president.
Federal Reserve Bank of San Francisco
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/sffed.