Kathleen M. Mazzarella, president and CEO of Graybar Electric Company Inc., St. Louis, MO, was named chair of the St. Louis Fed’s board of directors.
Mazzarella was appointed to the board in 2015 and previously served as deputy chair.
Suzanne Sitherwood, president and CEO of The Laclede Group in St. Louis, was named deputy chair of the St. Louis Fed’s board of directors. Sitherwood was appointed to the board in 2016.
The change in board leadership is a result of former chair Rakesh Sachdev vacating his position as chair due to his new role as CEO of Platform Specialty Products Corp., in West Palm Beach, Fla., which is located outside the Eighth Federal Reserve District.