The Federal Reserve Bank of Philadelphia announced new appointments to its board of directors, naming Peter Ruggiero as a Class B director and Michael DiPiano as a Class C director, and appointing William Lo as chair and Kisha Hortman Hawthorne as deputy chair. Ruggiero is president and CEO of Crayola, while DiPiano is managing general partner and chairman of NewSpring Capital. Lo is CEO of Crystal Steel Fabricators, and Hawthorne is senior vice president and chief operating officer of the Care Network and Behavioral Health and Crisis Center at the Children’s Hospital of Philadelphia. All terms began January 1, 2026.
Federal Reserve Bank of Philadelphia 2026-01-09
Federal Reserve Bank of Philadelphia appoints new board directors and names William Lo chair and Kisha Hortman Hawthorne deputy chair
The Federal Reserve Bank of Philadelphia appointed Peter Ruggiero and Michael DiPiano as Class B and Class C directors, respectively, and named William Lo as chair and Kisha Hortman Hawthorne as deputy chair, with all terms starting January 1, 2026.