Learn about the search for the next president and CEO of the Federal Reserve Bank of Kansas City.
Frequently Asked Questions
Learn more about the process for selecting a Federal Reserve Bank president.
April 18, 2023
The following statement was issued by the Federal Reserve Bank of Kansas City:
Selecting a Reserve Bank president involves several steps that are established by the Federal Reserve Act. While there is no deadline associated with this process, the search committee has been diligently working to identify a candidate who is well-equipped to engage with the Tenth District’s communities and understand its economic profile, lead the Bank’s portfolio of regional and national responsibilities, and is compliant with the appropriate personal financial holding restrictions required for this unique role.
January 12, 2023
As announced in May 2022, the Federal Reserve Bank of Kansas City’s presidential Search Committee is working to identify a successor to President and CEO Esther George, who faces mandatory retirement due to age limits established by the Federal Reserve’s Board of Governors. The Search Committee is assessing candidates based on the criteria included in the External Linkjob description that is posted on the Kansas City Fed’s website. Because the focus is on identifying the best candidate for this role, there is no deadline associated with this process.
The Kansas City Fed’s Board of Directors and the Federal Reserve System’s Board of Governors have established Jan. 31, 2023, as the final day of President George’s term as president. In the event that a new president is not selected by the Kansas City Fed’s Board of Directors and approved by the Board of Governors by then, the Bank’s first vice president will assume the duties of the president, following the process established by the Federal Reserve Act and the Bank’s bylaws.
July 13, 2022
The Federal Reserve Bank of Kansas City’s presidential Search Committee hosted a virtual community town hall on July 13 to address questions and provide an update on its search for a successor to President and CEO Esther George. Watch a recording of the event External Linkhere.
As outlined by requirements for Reserve Bank presidents, Esther George, President and CEO of the Federal Reserve Bank of Kansas City, will retire in early 2023 after she reaches age 65.
Under a process that is prescribed by the Federal Reserve Act, the Kansas City Fed’s Board of Directors has formed a search committee for the next Bank president. The committee consists of the Bank’s Class B and C directors, who represent the public. These directors are not affiliated with the banking industry. Read more about the Reserve Bank search process External Linkhere.
The Search Committee is diligently conducting a nationwide search aiming to identify a diverse, highly qualified and broad pool of candidates. Its work will be supported by Egon Zehnder, a global leadership advisory and executive search firm.
At the conclusion of the search, the Kansas City Fed’s nonbanker Class B and C directors will appoint the new president. The appointment is subject to the approval of the Federal Reserve Board of Governors in Washington, DC.
Collecting stakeholder feedback and public input is a crucial piece of this process, and the Kansas City Fed will offer multiple avenues to provide information as the Search Committee reviews nominations and applicants.
María Griego-Raby, president and principal of Contract Associates in Albuquerque, New Mexico, serves as chair of the Search Committee. Learn more about the Search Committee here.
Media Contacts: Bill Medley and Victoria Rosengarten
To provide input to the Search Committee, or to ask a question not addressed in the FAQs, please contact us at KCFedPresidentialSearch@kc.frb.org.
For applicants and referrals, email KCFedSearch@egonzehnder.com.
The Kansas City Fed works in the public’s interest by supporting economic and financial stability. Read about our mission and values here, or click here to explore what we do.
Meet the Search Committee