Membership Changes for Federal Reserve Bank of San Francisco’s Economic Advisory Council

San Francisco, California — The Federal Reserve Bank of San Francisco announced that Karen T. Lee, chief executive officer of Pioneer Human Services, was appointed to the Bank’s Economic Advisory Council (EAC). Ms. Lee’s term began on August 1 of this year and lasts through December 31, 2019.

Karen T. Lee

Karen T. Lee

Ms. Lee has been with Pioneer Human Services since 2010, having first spent five years as commissioner of the Employment Security Department in Olympia, Washington. Ms. Lee has also held various management positions at Puget Sound Energy from 1997 to 2005.

Ms. Lee holds a bachelor’s degree in Russian from the United States Military Academy at West Point, and a J.D. from the University of Washington School of Law.

EAC members provide the Bank’s senior management with information on current and pending developments in the regional and national economies. All members serve three year terms.

The balance of the San Francisco Fed’s Economic Advisory Council includes:

George Zinn (Chair), corporate vice president and treasurer, Microsoft Corporation, Redmond, WA

John (Jack) E. Pelo (Vice Chair), president and chief executive officer, Swire Coca-Cola, USA, Draper, UT

James A. Beer, executive vice president and chief financial officer, McKesson Corporation, San Francisco, CA

Theodore (Ted) F. Craver, Jr., retired chairman and chief executive officer, Edison International, Rosemead, CA

Robert (Bob) C. Donegan, president, Ivar’s Restaurants, Seattle, WA

Philip L. Francis, retired, executive chairman, PetSmart, Inc., Phoenix, AZ

Katheryn A. Hall, chief executive officer and co-chief investment officer, Hall Capital Partners, LLC, San Francisco CA

Donald R. Knauss, retired, executive chairman, The Clorox Company, Oakland, CA

Kevin C. Leader, principal vice president and treasurer, Bechtel Corporation, San Francisco, CA

Jacqueline D. Reses, Square Capital lead and people lead, Square, Inc., San Francisco, CA

Willa Seldon, partner, The Bridgespan Group, San Francisco, CA

Mary Pat B. Thompson, senior vice president, finance, MWI Animal Health/AmerisourceBergen, Boise, ID

The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.