The Federal Reserve Bank of Cleveland announced that First Vice President and Chief Operating Officer Mark S. Meder will retire after more than 33 years at the bank. He will remain in his current role through March 31, 2027, and then serve as a senior adviser to the president during a transition period. The bank will begin an immediate search for a successor, led by President and Chief Executive Officer Beth Hammack. Class B and C directors will appoint the new first vice president, subject to approval by the Federal Reserve Board of Governors, for the remainder of the current term ending in February 2031. The role oversees the bank’s operational and financial performance, participates in reviews of district discount window lending and serves as backup to the president in carrying out monetary policy responsibilities.
Federal Reserve Bank of Cleveland announces First Vice President Mark Meder’s 2027 retirement and successor search
Federal Reserve Bank of Cleveland First Vice President and Chief Operating Officer Mark S. Meder will retire after more than 33 years at the bank. He will remain in the role through March 31, 2027, while an immediate search begins for a successor, and will then serve as a senior adviser during the transition.