The Federal Reserve Bank of Cleveland has announced that it will appoint a new director to the Cincinnati Branch to fill the unexpired term of Mary Meixelsperger, who is stepping down from her position effective July 31. Meixelsperger is leaving due to relocation outside the Fourth District and recently retired as chief financial officer of Valvoline Inc., which is based in Lexington, Kentucky.

The incoming director will serve from January 1, 2026, until the end of that year when the current term expires. The selection process for directors and information about board structure can be found on the Cleveland Fed’s website: Our Directors (https://www.clevelandfed.org/about-us/our-leadership/board-of-directors).

The Federal Reserve Bank of Cleveland is one of twelve regional Reserve Banks that, together with the Board of Governors in Washington DC, make up the Federal Reserve System. The bank plays a role in setting national monetary policy, supervising banking organizations, providing payment services to financial institutions and the US Treasury, and supporting operations across the Federal Reserve System. It also conducts research and outreach activities aimed at supporting communities within its district.

The Cleveland Fed’s district includes Ohio, western Pennsylvania, eastern Kentucky, and northern West Virginia. Its branches are located in Cincinnati and Pittsburgh.

Chuck Soder serves as a contact for further information at chuck.soder@clev.frb.org or 216.672.2798.