The Federal Reserve Bank of New York has elected Ann M. Fudge, president of White Plains, N.Y.-based Maxwell House Coffee Co., to its board of directors.

Ms. Fudge is also an executive vice president of Kraft Foods Inc., Maxwell House's parent company.

She succeeds Sandra Feldman, president of New York's United Federation of Teachers. Ms. Fudge fills Ms. Feldman's unexpired term ending Dec. 31, and will remain for a new three-year term.

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