Atlanta Fed Announces Several Management Changes

For Immediate Release: April 2, 2002

Jack Guynn, president and chief executive officer of the Federal Reserve Bank of Atlanta, announced several personnel actions that will take effect in April and May. These announcements include promotions as well as changes in responsibilities for several members of the Atlanta Fed’s management team. According to Guynn, “These actions broaden and deepen the experience of our management team and offer the Bank more opportunities for innovation and flexibility.”

On the Bank’s management committee, Christopher Brown, currently senior vice president and general auditor and an adviser to the committee, will become senior vice president and chief financial officer with responsibility for the accounting, planning and control, and credit and risk functions. With this move, Brown will become a member of the management committee. Anne DeBeer, currently senior vice president over the accounting, planning and control, automation and systems functions, will become the Bank’s senior vice president and chief technology officer. In addition, DeBeer will be the supervising officer over the Sixth Federal Reserve District’s human resource functions. She will remain a member of the management committee. Lois Berthaume, currently vice president and credit and risk officer in the banking Supervision and Regulation division, will become the vice president and general auditor. In this position, she will be an adviser to the Bank’s management committee. Cynthia Goodwin, currently vice president in Supervision and Regulation, will become vice president and senior human resources officer for the Sixth Federal Reserve District. She will be an adviser to the management committee, replacing Frank Craven, who retires July 31.

Also in human resources, David Carr, currently assistant vice president, will be promoted to vice president. In addition to his human resources responsibilities with the Atlanta Fed, Carr will have various Federal Reserve System responsibilities on the Subcommittee on Human Resources and other System human resources groups. James Brown, currently an assistant vice president in human resources, will assume responsibility for the Bank’s service functions. In addition, Brown will remain the Sixth Federal Reserve District’s Equal Employment Opportunity officer and a member of the Atlanta office’s personnel committee.

Within the Supervision and Regulation division, Robert Schenck, currently an assistant vice president, will become a vice president with responsibility for international banking supervision. Sue Costello, currently a vice president over international banking supervision, will assume responsibility for administration, applications, policy studies and professional development. Ron Zimmerman, vice president, will assume responsibility for community banking organizations in addition to his current responsibility over consumer affairs. David Tatum, currently a senior operations risk specialist, will be promoted to assistant vice president with administrative and policy studies responsibilities.

In other areas, Edward C. Andrews, currently assistant vice president responsible for the Bank’s service functions, will be promoted to vice president over the Atlanta Bank’s service function and the Sixth Federal Reserve District’s protection function. Mary Kepler, currently an assistant vice president in automation, will become vice president with responsibility over the Bank’s automation operations function.

The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia and sections of Louisiana, Mississippi and Tennessee. As part of the nation’s central banking system, the Atlanta Fed participates in setting national monetary policy, supervises numerous commercial banks and provides a variety of financial services to depository institutions and the U.S. government.

Contact: Jean Tate 404-498-8035