First Vice President Search Process

Selecting a New First Vice President

The process to select a first vice president and chief operating officer (FVP) is guided by Federal Reserve System guidelines. To initiate the process, Class B and C directors of the Federal Reserve Bank of Minneapolis form a search committee. Class B and C directors are not affiliated with supervised entities.

The purpose of the search committee is to identify a broad, diverse and highly qualified candidate pool to serve as the next Minneapolis Fed FVP. In preparation for the announced retirement of current FVP James Lyon, the following search committee has been formed.

FVP Search Committee

After a thorough process to gather candidates both internal and external to the Federal Reserve System, the search committee will conduct two rounds of interviews with top candidates. The search committee will then select finalist(s) to forward to the Federal Reserve System Board of Governors for a final interview. Subject to approval by the Board of Governors, the Bank’s Class B and C directors will formally appoint a candidate as the new Minneapolis Fed FVP.

For additional information about the search and to submit expressions of interest, contact Spencer Stuart, the executive search firm engaged to support the search committee. Spencer Stuart can be reached via email at minneapolisfed@spencerstuart.com.

President Kashkari will host an open #AskNeel Twitter Q&A at 10 a.m. CT on Friday, Sept. 23, 2016, to answer questions about this new first vice president search while also welcoming questions on other topics.

More information

Press Release

Federal Reserve Bank of Minneapolis News Release September 12, 2016

Summary of Desired Attributes

Federal Reserve Bank of Minneapolis First Vice President Search Process

FVP Frequently Asked Questions

Federal Reserve Bank of Minneapolis First Vice President Search Process

FVP Job Posting

Federal Reserve Bank of Minneapolis First Vice President Search Process