Federal Reserve Bank of Atlanta Names New Board Members
For immediate release: Nov. 19, 2007
Carol B. Tomé, chief financial officer and executive vice president, corporate services, of The Home Depot in Atlanta, was appointed to a three-year term on the Atlanta Fed's board of directors. James H. McKillop III, president and chief executive officer of the Independent Bankers' Bank of Florida in Lake Mary, Fla., was elected to serve a three-year term on the Atlanta Fed's board of directors. In addition, Egbert L.J. Perry, chairman and chief executive officer of the Integral Group LLC in Atlanta, and Lee M. Thomas, chairman, president and chief executive officer of Rayonier in Jacksonville, Fla., were reelected to the Bank's board. Tomé, Thomas and McKillop's terms begin Jan. 1, 2008, and run through Dec. 31, 2010. Perry will serve one additional year of an unexpired term ending Dec. 31, 2008.
Tomé joined The Home Depot in 1995 as vice president and treasurer and has served as chief financial officer and executive vice president since 2001. She is responsible for leadership in real estate, store construction, credit services, business development and growth initiatives. Before joining The Home Depot, she was vice president and treasurer of Riverwood International Corp. Tomé began her career as a commercial lender with United Bank of Denver. She is a member of the UPS board of directors and serves as chair of the advisory board for the Metropolitan Atlanta Arts Fund. She is also a member of the City of Atlanta Arts and Culture Funding Task Force and the High Museum of Art's board of directors.
Thomas was elected president and chief executive officer of Rayonier in March 2007 and assumed the chairmanship in July 2007. He retired as president and chief operating officer of Georgia-Pacific Corp. in late 2005, following a 12-year career there. He also served as chairman and chief executive officer of Law Companies Environmental Group Inc., administrator of the U.S. Environmental Protection Agency, executive deputy director of the Federal Emergency Management Agency and director of the Division of Public Safety Programs in South Carolina. Thomas serves on the boards of Regal Entertainment, Resolve Inc., and Airgas Inc. He is a member of the National Academy of Public Administration.
Perry is chairman and chief executive officer of The Integral Group LLC, which he founded in 1992 following a distinguished career with developers based in Washington, D.C., and Atlanta. He is a member of the board of directors of Atlanta Life Financial Group and the board of trustees of Children's Healthcare of Atlanta and the University of Pennsylvania.
McKillop joined Independent Bankers' Bank in March 1987 as executive vice president and senior investment officer and became president in 1999. From 1975 to 1987, he was vice president and sales manager of the bank investment divisions of Sun Bank N.A. and Sun Banks Inc. in Orlando, Fla. McKillop is a member of the board of directors of the Bankers' Bank Council, SelectSource and the Independent Community Bankers of America.
Each of the nation's 12 Federal Reserve Banks has a nine-member board of directors. Three Class A directors represent national and state-chartered banks that are members of the Federal Reserve System. Three Class B directors are 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, D.C. McKillop is a Class A director. Perry and Thomas are Class B directors. Tomé 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 the bank's president.