Membership and Leadership Announcements for the Federal Reserve Bank of San Francisco’s Head Office Board of Directors

SAN FRANCISCO - The Federal Reserve Bank of San Francisco announced its newest appointments to its Head Office Board of Directors, as well as a new chair and deputy chair, effective January 1, 2025.

New Head Office Directors:

Pallavi Mehta Wahi
Managing Partner, Seattle Office
K&L Gates LLP
Seattle, Washington

Jeff Newgard
Chairman, President, and Chief Executive Officer
Bank of Idaho, and
Chairman
Bank of Idaho Holding Co.
Idaho Falls, Idaho

Jack Sinclair
Chief Executive Officer
Sprouts Farmers Market
Phoenix, Arizona

Mr. Russell A. (Chip) Childs was also designated by the Board of Governors to serve as Chair of the Head Office Board in 2025, and Ms. Mehta Wahi to serve as Deputy Chair.

Russell A. (Chip) Childs
Chief Executive Officer and President
Skywest, Inc.
St. George, Utah

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 Board 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.

Jennifer Chamberlain
Federal Reserve Bank of San Francisco
(415) 974-2383