To: All Member Banks and Others Concerned in the Third Federal Reserve District

Attention: Chief Executive Officer

Subject: ELECTION RESULTS AND OTHER APPOINTMENTS

We are pleased to announce the following election results:

  • Christopher Maher, chairman, president and chief executive officer, OceanFirst Bank, Toms River, NJ, has been elected as a Class A director by member banks in Electoral Group 1. Mr. Maher’s term will begin on January 1, 2020.
  • John Fry, president, Drexel University, Philadelphia, PA, has been elected as a Class B director by member banks in Electoral Group 2. Mr. Fry’s term will begin on January 1, 2020.

Additionally, the following appointments were made by the Board of Governors of the Federal Reserve System, effective January 1, 2020:

  • Phoebe Haddon, chancellor, Rutgers University-Camden, Camden, NJ, has been appointed chair of the board of directors
  • Madeline Bell, president and chief executive officer, Children’s Hospital of Philadelphia, Philadelphia, PA, has been appointed deputy chair of the board of directors.
  • Anthony Ibargüen, president and chief executive officer, AquaVenture Holdings, Inc. and Quench USA, Inc., King of Prussia, PA, has been appointed as a Class C director.

Our board of directors also made the following appointment:

  • Jeffrey Schweitzer, president and chief executive officer, Univest Corporation of Pennsylvania, and chief executive officer, Univest Bank and Trust Company, has been appointed by the Board of Directors of this Reserve Bank to represent the Third District on the Federal Advisory Council, effective January 1, 2020, to December 31, 2020.

Federal Reserve Bank of Philadelphia Board of Directors 2020


Phoebe Haddon, Chair

Chancellor
Rutgers University–Camden

Madeline Bell

President and Chief Executive Officer
Children’s Hospital of Philadelphia

Anthony Ibargüen

President and Chief Executive Officer
AquaVenture Holdings, Ltd
Quench USA, Inc.

Jon Evans

President and Chief Executive Officer
Atlantic Community Bankers Bank

John Fry

President
Drexel University

Patricia Hasson

Retired President and Executive Director
Clarifi

Julia Klein

Chairwoman and Chief Executive Officer
C.H. Briggs Company

Christopher Maher

Chairman, President and Chief Executive Officer
OceanFirst Bank

Timothy Snyder

President and Chief Executive Officer
Fleetwood Bank

Federal Advisor Council Representative

Jeffrey Schweitzer

President, Chief Executive Officer, Univest Corporation of Pennsylvania
Chief Executive Officer, Univest Bank and Trust Company
Effective January 1, 2020 – December 31, 2020

Additional Information

Inquiries concerning this circular letter should be directed Marla Chazin Assistant to the Corporate Secretary at 215-574-3838 or marla.chazin@phil.frb.org.