New Chair and Membership Appointments Announced for the Federal Reserve Bank of San Francisco’s Economic Advisory Council
SAN FRANCISCO — The Federal Reserve Bank of San Francisco announced the newest members of its Economic Advisory Council (EAC).
New members of the EAC include: Selena Cuffe, co-founder of Heritage Link Brands and president of SodexoMagic in Beverly Hills, California; Paul Kosasa, president and chief executive officer of ABC Stores in Honolulu; and Karl Sun, co-founder and chief executive officer of Lucid Software in South Jordan, Utah. Their terms are effective January 1, 2022.
In addition to Ms. Cuffe’s roles as co-founder of Heritage Link Brands and president of SodexoMagic, she is a certified mediator serving on the Culver City Landlord Tenant Mediation Board. She also serves as chair of the nominating and governance committee of the Harvard Business School Women’s Student Association Alumnae Board as well as the audit committee of the Harvard Business School African American Alumni Association. Ms. Cuffe holds a bachelor of arts in international relations from Stanford University and a master’s in business administration from Harvard University.
Mr. Kosasa is president and chief executive officer of ABC Stores, a chain of resort convenience stores in Hawai’i, Las Vegas, and Guam. He began his career as a trainee and worked in various divisions of ABC Stores before being appointed president and chief executive officer in 1999. He is president of the Kosasa Foundation, a private charitable organization, and serves on the board of directors of Central Pacific Financial Corp. Mr. Kosasa holds a bachelor of science in electrical engineering from the University of Michigan.
Mr. Sun is co-founder and chief executive officer at Lucid Software, a leading provider of visual collaboration software. Previously, he spent several years at Google, starting and leading business development at Google’s China office, opening the organization’s patent department and setting patent strategy, and leading Google’s investments in advanced wind and battery technologies. Mr. Sun holds bachelor and master’s of science in electrical engineering and computer science from Massachusetts Institute of Technology (MIT), a master’s of science in technology and policy from MIT, and a juris doctor from Harvard Law School.
Jacqueline D. Reses, chief executive officer and founder of Post House Capital, LLC in Woodside, California, has been reappointed chair of the EAC for 2022.
The remaining members of the EAC include:
- Glynis Bryan, chief financial officer, Insight, Tempe, Arizona
- David Carlisle, president and chief executive officer, Charles R. Drew University of Medicine and Science, Los Angeles, California
- Beverly Cole, chief executive officer, Cole Renwick LLC, Los Angeles, California
- Bob Hazleton, president, The Herrick Corporation, Stockton, California
- James Healy, chief executive officer, Digital Disbursements, Los Angeles, California
- Amy Humphreys, chairman, FirstFruits Farms LLC, Prescott, Washington
- Christy Johnson, founder and chief executive officer, Artemis Connection, Seattle, Washington
- Eric L. Kelly, chairman and chief executive officer, Overland-Tandberg, San Ramon, California
- Paul King, president and chief executive officer, Stanford Children’s Health and The Lucile Packard Children’s Hospital Stanford, Palo Alto, California
- Stein Kruse, group chief executive officer, Holland America Group and Carnival UK, Seattle, Washington
- Lewis C. Lee, chief executive officer and global head, Aon IP Solutions Group, Spokane, Washington
- Crystal Maggelet, president, chief executive officer, and chairperson, FJ Management, Inc., Salt Lake City, Utah
- Sherrie Perkins, board member, ARUP Laboratories, and tenured professor of pathology, University of Utah, Salt Lake City, Utah
- Carla Peterman, executive vice president, Pacific Gas and Electric Company, San Ramon, California
- Sergio Retamal, chief executive officer, Global4PL, Milpitas, California
- Daniel Weiss, co-founder and managing partner, Angeleno Group LLC, Los Angeles, California
EAC members provide the Bank’s senior management with information on current and pending developments in the regional and national economies. Members are typically appointed to two-year terms.
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.