Atlanta Fed President Lockhart to Step Down in February

September 13, 2016 3:47 PM

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Atlanta Fed President Lockhart to Step Down in February

Federal Reserve Bank of Atlanta President Dennis Lockhart will step down on Feb. 28 after 10 years in the job, as required, creating a vacancy in the senior ranks of the U.S. central bank at a time when it ’s under pressure to recruit more diverse leadership.

Atlanta Fed board chairman Thomas Fanning, who is chief executive officer of Southern Co., will lead a search committee of non-bank directors to find a replacement for Lockhart, the bank said in a statement Tuesday. It plans to conduct a national search for a diverse slate of candidates and has hire...

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