The U of M’s Sri Zaheer has been named board chair of the Federal Reserve Bank of Minneapolis.
Zaheer, who serves as dean of the University of Minnesota’s Carlson School of Management, has been on the Minneapolis Fed’s board since 2017. She’s led the Carlson School since 2012. She first joined the Carlson School in 1991 as an assistant professor.
As the Fed’s chair, Zaheer takes over for Ken Powell, who led the board for the 2018-2019 term. Powell previously served as CEO of General Mills.
The chair of the Minneapolis Fed leads all meetings and represents the bank at the “Conference of Chairs” in Washington, D.C., which brings together the chairs of all 12 Reserve Banks.
The Minneapolis Fed oversees the Ninth District, which covers Montana, North Dakota, South Dakota, Minnesota, northwestern Wisconsin, and Michigan’s Upper Peninsula.
In December, TCB recognized Zaheer as a “Person to Know in 2020.”
Meanwhile, deputy chair Harry Melander was chosen to stay in his position for the 2020 term. In addition, Securian Financial Inc. president, chairman, and CEO Chris Hilger was appointed to the Fed’s board for a three-year term.