The Federal Reserve Bank of Cleveland has reset its governance boards for the year, including naming Fifth Third Bancorp (FITB) Chief Executive Kevin Kabat as a director.
Richard K. Smucker, the CEO of J.M. Smucker Co. of Orrville, Ohio, was reappointed chairman of the Cleveland Fed board for 2014 after serving the same role in 2013. Christopher M. Connor, the chairman and CEO of The Sherwin-Williams Co., also retained his roles as the Cleveland Fed's deputy chairman. Kabat, who has been the head of the $123.3 billion-asset Fifth Third in Cincinnati since 2007, was elected to the board.
At its Cincinnati branch, the Cleveland Fed appointed Charles Brown of Toyota Motor Engineering & Manufacturing, North America Inc., as chairman of the board; he was a director last year. Austin W. Keyser of the AFL-CIO and Valarie L. Sheppard of Procter & Gamble Co. were appointed directors.
Dawne S. Hickton, the CEO of RTI International Metals Inc., was appointed chairman of the board at the Pittsburgh branch after serving as a director in 2013. Robert P. Oeler, the CEO of Dollar Bank in Pittsburgh, was named a director as was Doris Carson Williams, CEO of the African American Chamber of Commerce of Western Pennsylvania.
Meanwhile, Paul G. Greig, CEO of FirstMerit (FMER) of Akron, Ohio, was appointed to a one-year term as the Cleveland Fed district's representative on the Federal Advisory Council. Greig was a Cleveland Fed director from 2011 to 2013.
All the new appointments, announced Friday, took effect Jan. 1.