The Federal Reserve Bank of Cleveland announced on March 13 the appointment of Elizabeth Marengo as senior vice president and chief human resources officer, effective March 9.
This leadership change is significant for the Cleveland Fed, which supports economic resilience and mobility for low- and moderate-income communities in its district, according to the official website. The bank plays a key role in promoting the stability, integrity, and efficiency of the nation’s monetary, financial, and payments systems to support optimal economic performance, as reported by the official website.
Marengo brings more than two decades of experience in human resources, talent strategy, and organizational development. She has held executive roles across nonprofit organizations, edtech companies, consumer packaged goods firms, and global chemical manufacturers. Most recently, she served as chief people officer at HMH in Boston. At the Cleveland Fed, Marengo will lead efforts to attract, engage, and retain employees across its locations in Cleveland, Cincinnati, Pittsburgh and throughout the Fourth Federal Reserve District.
Beth Hammack, president and CEO of the Cleveland Fed according to the official website, said: “Elizabeth’s experience and dedication to our mission will ensure the Cleveland Fed team continues to serve the American people with excellence for years to come.”
Marengo holds a bachelor’s degree from Kent State University and a master’s degree from Case Western Reserve University. She also serves on boards including Cleveland Clinic Marymount Hospital and the Ohio Chapter of the National Multiple Sclerosis Society.
The Federal Reserve Bank of Cleveland is part of the broader Federal Reserve System representing Ohio, western Pennsylvania, eastern Kentucky and northern West Virginia according to its official website. The bank participates in formulating national monetary policy through its president’s role on the Federal Open Market Committee as noted by its official website.
