Esther George is set to retire as president and CEO of the Federal Reserve Bank of Kansas City.
The Kansas City Fed announced that George will retire in January. George, who has been in the post for 11 years, is set to reach the central bank’s mandatory retirement age of 65.
Egon Zehnder, an executive recruitment firm, was hired to asset the Kansas City Fed in its search for a successor. A search committee comprised of Kansas City Fed directors who are unaffiliated with the banking industry was also formed to aid in the process.
Charles Evans, who is also set to become 65, is also retiring.
Several other key Fed posts are set to change.
Susan Collins will become president of the Boston Fed in July, while Lorie Logan will take over the same post at the Dallas Fed a month later.