San Francisco, California – The Federal Reserve Bank of San Francisco announced that Greg Becker, president and CEO of SVB Financial Group and CEO of Silicon Valley Bank, Santa Clara, CA, has been elected to the head office board of directors as a Class A director. Additionally, Arthur (Skip) Oppenheimer, chairman and CEO of Oppenheimer Companies, Inc., and president of Oppenheimer Development Corporation, Boise, ID, has been elected as a Class B director. David White, national executive director of SAG-AFTRA, Los Angeles, CA, has been appointed as a Class C director by the Board of Governors of the Federal Reserve System.
The Bank also announced the following new designations: Barry Meyer, chairman and CEO (retired) of Warner Bros. Entertainment, and founder and chairman of North Ten Mile Associates, Los Angeles, CA; and Rosemary Turner, president (retired) of UPS Northern California. Mr. Meyer has been newly designated chairman of the board and Federal Reserve agent, while Ms. Turner has been designated deputy chair for 2019.
Mr. Becker is president and CEO of SVB Financial Group and CEO of Silicon Valley Bank, a financial institution he joined in 1993. Prior to becoming CEO, Mr. Becker worked as the bank’s president, COO, and chief banking officer. He is a member of the Executive Council of TechNet and serves on the Executive Advisory Board of the Alliance for Southern California Innovation. Mr. Becker holds a bachelor’s degree in business from Indiana University.
Mr. Oppenheimer is the chairman and CEO of Oppenheimer Companies, Inc., a national food processing, sales, marketing, and distribution organization, and president of Oppenheimer Development Corporation, a commercial real estate development and management company. Mr. Oppenheimer is also the founding chair of Idaho Business for Education and previously served as director of the board of directors at the San Francisco Fed’s Salt Lake City Branch. He graduated from the University of Idaho with a bachelor’s degree in history and holds an MBA from Harvard University.
Mr. White is the national executive director and chief negotiator of SAG-AFTRA, the world’s largest entertainment union. In addition to his role at SAG-AFTRA, Mr. White serves as a trustee and former chair of the union’s pension and health plans, and sits on the board of its foundation. Before assuming his current role in 2009, Mr. White worked as managing principal at Entertainment Strategies Group LLC, in Los Angeles, CA. He holds a bachelor’s degree in political science from Grinnell College, as well as bachelor’s degrees in politics, philosophy, and economics from Oxford University. He obtained a JD from Stanford Law School.
Mr. Meyer is the former chairman and CEO of Warner Bros. 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, which 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. Mr. Meyer holds a bachelor’s degree from the University of Rochester and a JD from Case Western Reserve University School of Law.
Ms. Turner recently retired as president of UPS Northern California, where she ensured that UPS provided the logistical capabilities to support new business in Northern and Central California, as well as Northern Nevada. In nearly 40 years at UPS, Ms. Turner managed areas that span from the West to the East Coast, most recently controlling territory stretching from Ventura, CA, to Nevada. Ms. Turner also serves on the board of directors for the Silicon Valley Leadership Group. She holds a bachelor’s degree in accounting from Loyola Marymount University in Los Angeles.
The balance of the Federal Reserve Bank of San Francisco Board includes:
Randolph Compton, CEO and co-chair of the board, Pioneer Trust Bank, N.A., Salem, OR. Mr. Compton is a Class A director.
Steven R. Gardner, chairman and CEO, Pacific Premier Bank, Irvine, CA. Mr. Gardner is a Class A director.
Tamara L. Lundgren, president and CEO, Schnitzer Steel Industries, Inc., Portland, OR. Ms. Lundgren is a Class B director.
Sanford L. Michelman, chairman, Michelman & Robinson, LLP, Los Angeles, CA. Mr. Michelman is a Class B director.
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 is governed by nine directors who represent the interests of the 12th 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) 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.