The Federal Reserve Bank of St. Louis announced changes to its board of directors effective January 2026, including new leadership designations and directors serving new terms. The Board of Governors designated Lal Karsanbhai, president and CEO of Emerson Electric Co., as board chair for 2026 and Gregory A. Heckman, CEO of Bunge, as deputy chair for 2026. Nina Leigh Krueger, CEO and president of Nestlé Purina PetCare Co., was appointed by the Board of Governors to a three-year term, and William B. Dunavant III, chairman and CEO of Dunavant Enterprises Inc., was elected for a three-year term. Misty Borrowman, Mardie R. Herndon Jr., and Michael Ugwueke will also serve on the board. The St. Louis Fed reiterated that its nine-member board is split across three classes, with Class A and Class B directors elected by member financial institutions in the Eighth District and Class C directors appointed by the Board of Governors, and that the board provides oversight of Bank management and regional economic input that helps inform Federal Open Market Committee deliberations.
Federal Reserve Bank of St. Louis 2026-01-09
Federal Reserve Bank of St. Louis announces 2026 board chair and deputy chair designations and new three year directors
The Federal Reserve Bank of St. Louis announced board changes effective January 2026, appointing Lal Karsanbhai as chair and Gregory A. Heckman as deputy chair, with new terms for directors including Nina Leigh Krueger and William B. Dunavant III. The board, comprising nine members across three classes, provides oversight and regional economic input for Federal Open Market Committee deliberations.