Gray Reappointed, Reckford Reelected, and Dumas Elected to the Federal Reserve Bank of Atlanta's Board of Directors
For immediate release: January 10, 2018
Myron A. Gray, president of U.S. operations of United Parcel Service (UPS), has been reappointed; Jonathan T. M. Reckford, chief executive officer of Habitat for Humanity International, has been reelected, and Robert W. Dumas, president and chief executive officer of AuburnBank, has been elected to the Atlanta Fed's board of directors. Gray and Reckford are serving terms that begin January 1, 2018, and run through December 31, 2020. Dumas is serving an unexpired term that runs through December 31, 2019.
Gray is president of U.S. operations for UPS with responsibility for all package delivery and logistics services for the world's largest economy. In July 2015, he assumed additional responsibility for transportation and UPS airlines. Gray is a member of the UPS management committee, the group of senior executives responsible for the day-to-day management of the company. In 2010, he led a strategic transformation of the company's U.S. small package business and has presided over programs to expand the company's logistics services, upgrade the technology in UPS operations, and improve the delivery fleet's fuel efficiency. Prior to his current role, Gray served as the president of the Americas Region, covering Canada, Mexico, Central America, South America, and the Caribbean. In this role, he led the expansion of UPS express delivery and logistics services into growing markets such as Mexico and Brazil.
Gray serves on the boards of the Atlanta Police Foundation, the Airline for America Organization, and the National Urban League. He is the national chairman of the Boys & Girls Clubs of America for 2017–18.
Gray holds a bachelor's degree in business administration from the University of Memphis and has completed advanced management programs at INSEAD in Fontainebleau, France, and the Yale School of Business.
Reckford joined Habitat for Humanity International as chief executive officer in 2005, following his tenure as executive pastor at Christ Presbyterian Church near Minneapolis, Minnesota. Much of his career has been spent in the for-profit sector, including executive and managerial positions at Goldman Sachs, Marriott, the Walt Disney Company, and Best Buy.
Reckford serves on the boards of InterAction, the Stanford Graduate School of Business, and the Duke Center for the Advancement of Social Entrepreneurship. He is also a member of the Council of Foreign Relations and the Urban Steering Committee for the World Economic Forum.
Reckford graduated from the University of North Carolina at Chapel Hill, where he was a Morehead Scholar. He was also the recipient of a Henry Luce Scholarship, which enabled him to do marketing work for the Seoul Olympic Organizing Committee and coach the Korean rowing team in preparation for the 1988 Olympics. He earned his MBA from the Stanford University Graduate School of Business.
Dumas has been president and chief executive officer of AuburnBank since 2001. He joined AuburnBank in 1984 and served as vice president/commercial loan officer and senior vice president/lending. He served as vice president/branch manager at AmSouth Bank from 1976 to 1984.
Dumas is a member of the boards of directors of Auburn National Bancorporation Inc., AuburnBank, East Alabama Medical Center, Alabama Bankers Association, and Auburn Research and Technology Foundation. He is a member of the Auburn University Board of Trustees. He previously served on the Auburn University College of Business Advisory Council from 2001 to 2008, Auburn City Schools Board of Education from 1996 to 2006 and North Auburn Housing Development Corporation from 2003 to 2006.
Dumas graduated with high honors receiving his bachelor's degree in business administration and finance from Auburn University in 1976 and was a Phi Kappa Phi honoree. He graduated from the School of Banking of the South at Louisiana State University in 1981. He was recognized as Boys & Girls Club Man of the Year in 1993 and was a Tiger Trail Inductee in 2006. He received the Chairman's Award in 2014 from the Auburn Chamber of Commerce.
Each of the nation's 12 Federal Reserve Banks has a nine-member board of directors. Three Class A directors are generally bankers and are elected by national and state-chartered banks that are members of the Federal Reserve System. Three Class B directors are also elected by these banks but represent commerce, industry, agriculture, labor, and consumers. Three Class C directors represent the same broad array of public interests but are appointed by the Board of Governors in Washington DC. The Reserve Bank's chair and deputy chair must be Class C directors. Dumas is a Class A director, Reckford is a Class B director, and Gray is a Class C director.
The board of directors of the Federal Reserve Bank of Atlanta oversees the management of the bank's operations and recommends changes in the discount rate. Board members also contribute to the formulation of U.S. monetary policy through the economic information they provide to the bank's president.