The Federal Reserve Bank of New York said yesterday that Jeff Kindler, the CEO of Pfizer, will serve on its board of directors.
He’ll be one of the New York Fed’s “Class B directors,” who are elected by member banks but often come from industries outside banking. (The other two Class B directors are Jeff Immelt of GE and James Tisch of Loews.)
The New York Fed is one of the nation’s 12 regional reserve banks, but it’s a particularly important one, given New York’s role as the nation’s finance capital.
As it stands now, Kindler was appointed just to serve out the remainder of a three-year term that expires at the end of this year. The term was previously filled by the CEO of Pepsico, the Associated Press notes.
He’ll be one of the New York Fed’s “Class B directors,” who are elected by member banks but often come from industries outside banking. (The other two Class B directors are Jeff Immelt of GE and James Tisch of Loews.)
The New York Fed is one of the nation’s 12 regional reserve banks, but it’s a particularly important one, given New York’s role as the nation’s finance capital.
As it stands now, Kindler was appointed just to serve out the remainder of a three-year term that expires at the end of this year. The term was previously filled by the CEO of Pepsico, the Associated Press notes.
