Membership Changes for Federal Reserve Bank of San Francisco’s Economic Advisory Council

August 31, 2017

San Francisco, California — The Federal Reserve Bank of San Francisco announced that Karen T. Lee, chief executive officer of Pioneer Human Services, was appointed to the Bank’s Economic Advisory Council (EAC). Ms. Lee’s term began on August 1 of this year and lasts through December 31, 2019.

Karen T. Lee

Karen T. Lee

Ms. Lee has been with Pioneer Human Services since 2010, having first spent five years as commissioner of the Employment Security Department in Olympia, Washington. Ms. Lee has also held various management positions at Puget Sound Energy from 1997 to 2005.

Ms. Lee holds a bachelor’s degree in Russian from the United States Military Academy at West Point, and a J.D. from the University of Washington School of Law.

EAC members provide the Bank’s senior management with information on current and pending developments in the regional and national economies. All members serve three year terms.

The balance of the San Francisco Fed’s Economic Advisory Council includes:

George Zinn (Chair), corporate vice president and treasurer, Microsoft Corporation, Redmond, WA
John (Jack) E. Pelo (Vice Chair), president and chief executive officer, Swire Coca-Cola, USA, Draper, UT
James A. Beer, executive vice president and chief financial officer, McKesson Corporation, San Francisco, CA
Theodore (Ted) F. Craver, Jr., retired chairman and chief executive officer, Edison International, Rosemead, CA
Robert (Bob) C. Donegan, president, Ivar’s Restaurants, Seattle, WA
Philip L. Francis, retired, executive chairman, PetSmart, Inc., Phoenix, AZ
Katheryn A. Hall, chief executive officer and co-chief investment officer, Hall Capital Partners, LLC, San Francisco CA
Donald R. Knauss, retired, executive chairman, The Clorox Company, Oakland, CA
Kevin C. Leader, principal vice president and treasurer, Bechtel Corporation, San Francisco, CA
Jacqueline D. Reses, Square Capital lead and people lead, Square, Inc., San Francisco, CA
Willa Seldon, partner, The Bridgespan Group, San Francisco, CA
Mary Pat B. Thompson, senior vice president, finance, MWI Animal Health/AmerisourceBergen, Boise, ID


Kevin Sajdak
Federal Reserve Bank of San Francisco
(415) 977-3631


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.