Leadership and Membership Announcements for the Federal Reserve Bank of San Francisco’s Salt Lake City Branch Board of Directors
The Federal Reserve Bank of San Francisco announced that Thomas Corrick, CEO of Boise Cascade Company, Boise, ID, has been appointed to the Salt Lake City Branch’s Board of Directors by the Board of Governors of the Federal Reserve System. Jas Krdzalic, president and CEO, Bodybuilding.com, Boise, ID, and O. Randall Woodbury, president and CEO, Woodbury Corporation, Salt Lake City, UT, have also been appointed as directors by the Board of Directors of the Federal Reserve Bank of San Francisco. All three terms are effective January 1, 2019 and conclude on December 31, 2021.
The San Francisco Fed also announced that Patricia R. Richards, president and CEO of SelectHealth, Inc., has been re-designated as chair of the Salt Lake City Branch’s Board of Directors.
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Mr. Corrick has been CEO of Boise Cascade Company, a nationwide building materials distributor and wood products manufacturer, since 2015. Beginning there as an internal auditor in 1980, Mr. Corrick has gone on to hold a number of senior roles at the company and most recently served as the firm’s COO. Mr. Corrick holds a bachelor’s degree and an MBA from Texas Christian University.
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Mr. Krdzalic is president and CEO of Bodybuilding.com. Before assuming the role in 2016, Mr. Krdzalic spent twelve years at Micron Technology, culminating in a six-year period as a senior director of strategy and operations. He holds a bachelor’s degree in business from the University of Idaho and an MBA from Northwest Nazarene University.
O. Randall Woodbury
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Mr. Woodbury is president and CEO of Woodbury Corporation, where he has held several leadership roles over the past 40 years. In addition to leading the real estate development firm, Mr. Woodbury served as chairman of the American Bank of Commerce until its recent merger with Bank of Utah. He holds a bachelor’s degree in finance from the University of Utah.
Patricia R. Richards
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Ms. Richards is president and CEO of SelectHealth, Inc., a wholly-owned not-for-profit health plan subsidiary of Intermountain Healthcare. Prior to joining SelectHealth in 2009, Ms. Richards served as executive vice president and chief operating officer for Health Alliance Plan of Michigan, an affiliate of the Henry Ford Health System. She has a bachelor’s degree from the University of Toledo, where she also completed her master’s coursework in public healthcare administration.
The balance of the Salt Lake City Branch Board of Directors includes:
Russell A. (Chip) Childs, president and CEO of SkyWest Inc., St. George, UT
Peter R. Metcalf, founder, brand advocate and CEO emeritus, Black Diamond, Inc., Salt Lake City, UT
Park Price, chairman and CEO Emeritus of the Bank of Idaho, Idaho Falls, ID
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.
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.