Membership Appointment Announced for the Federal Reserve Bank of San Francisco’s Economic Advisory Council

July 24, 2019

San Francisco, California — The Federal Reserve Bank of San Francisco announced that Stein Kruse, group chief executive officer, Holland America Group and Carnival UK, Seattle, WA, has been appointed to the Bank’s Economic Advisory Council (EAC).

Mr. Kruse joined Holland America in 1999 as senior vice president of fleet operations. He was named president and CEO in 2004 before being appointed group CEO of the newly formed Holland America Group in 2014. Prior to joining Holland America, Kruse was senior vice president and chief financial officer of North American Operations for the global Japanese shipping company “K” Line. A native of Oslo, Norway, he holds a Bachelor of Science degree from Purdue University and is a graduate of Harvard Business School’s Advanced Management Program.

EAC members provide the Bank’s senior management with information on current and pending developments in the regional and national economies. Members are appointed to three-year terms.

The balance of the council includes:

Mary Pat B. Thompson (Chair), former senior vice president, finance, MWI Animal Health/AmerisourceBergen, Boise, ID
Karen Lee (Vice Chair), chief executive officer, Pioneer Human Services, Seattle, WA
James A. Beer, executive vice president and chief financial officer, Atlassian, San Francisco, CA
Glynis Bryan, chief financial officer, Insight, Tempe AZ
Theodore (Ted) F. Craver, Jr., retired chairman and chief executive officer, Edison International, Rosemead, CA
Bob C. Donegan, president, Ivar’s Restaurants, Seattle, WA
Kevin C. Leader, principal vice president and treasurer, Bechtel Corporation, San Francisco, CA
Lewis C. Lee, chief executive officer and global head, Aon IP Solutions Group, Spokane WA
Kristin Reinke, vice president and head of Google Finance, Google, Inc., Mountain View, CA
Jacqueline D. Reses, Square Capital lead and people lead, Square, Inc., San Francisco, CA
Willa Seldon, partner, The Bridgespan Group, San Francisco, CA


Tom Flannigan
Federal Reserve Bank of San Francisco
(415) 974-2553


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.