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BOARD
OF
DIRECTORS
p
eter A Benoliel, chairman ofQuaker Chemical Corp., served his first term as
chairman of the board of the Federal Reserve Bank of Philadelphia in 1989.
Gunnar E. Sarsten, chairman, president and chief executive officer of United Engineers
& Constructors, Inc., was named a Class C director, succeeding Nevius M. Curtis,
chairman and chiefexecutive officer ofDelmarva Power & Light Co. Sarsten was also designated
deputy chairman.
One other new director joined the board in 1989, and one director was elected to a
second term. Gary E. Burl, president of Delaware National Bank, was elected a Class A
director, succeeding Clarence D. McCormick, president of Farmers and Merchants National
Bank. Nicholas Riso, executive vice president ofAhold U.S.A., was reelected a Class B director.
Chairman
Jane G. Pepper
Peter A Benoliel
President
Chairman
Quaker Chemical Corp.
The Pennsylvania Horticultural
Society
Conshohocken, PA
Philadelphia, PA
Deputy Chairman
Nicholas Riso
Gunnar E. Sarsten
Executive Vice President
Chairman, President and Chief
Ahold U.S.A
Executive Officer
Harrisburg, PA
United Engineers &
Constructors Inc.
Philadelphia, PA
Gary E. Burl
President
Delaware National Bank
Georgetown, DE
Charles F. Seymour
Chairman
Jackson-Cross Co.
Philadelphia, PA
Carl E. Singley, Esq.
Philadelphia, PA
George A Butler
Chairman and ChiefExecutive
Officer
First Pennsylvania Bank, N.A
Philadelphia, PA
Constantinos I. Costalas
Chairman and Chief
Executive Officer
Glendale National Bank of
New Jersey
Voorhees, NJ
18
OFFICERS
n 1989, Donald F. Doros was promoted to executive vice president with
Hi responsibilityfor automation services, check operations, electronic funds transfer
and marketing andfinancial services. James F. Gaylord was named executive vice president
with responsibility for cash operations, human resources and support services. Edward M.
Mahon was promoted to vice president and general counsel, Benjamin Nadola moved up to
vice presidentfor check operations, and Theodore M. Crone was promoted to assistant vice
president and economist.
Ronald B. Lankford joined the Bank in 1989 as senior vice president, overseeing
the Treasury Direct, disaster recovery planning, quality assurance, accounting and business
planning and budget functions.
In changes of official assignments, Vice President John B. Shaffer assumed
responsibility for cash operations, Assistant Vice President Robert H. Klein joined check
operations in the adjustment, settlement and return items areas, and Vish P. Viswanathan
became deputy check product manager.
Executive Vice President Konstanty G. Adack and Senior Vice President and General
Counsel Hiliary H. Holloway both retired in 1989.
Edward G. Boehne
EdwardJ. Coia
President
Vice President
William H. Stone, Jr.
Peter M. DiPlacido
First Vice President
Vice President
Donald F. Doros
Robert A Dobie
Executive Vice President
Vice President
James F. Gaylord
Ronald G. Foley
Executive Vice President
Vice President
Thomas K. Desch
Joanna H. Frodin
Senior Vice President and
Vice President and
Lending Officer
Check Product Manager
Malcolm T. Humphrey
Edward M. Mahon
Senior Vice President
Richard W. Lang
Senior Vice President and
Director of Research
Ronald B. Lankford
Senior Vice President
J. Warren Bowman, Jr
Vice President
Vice President and
General Counsel
Stephen A. Meyer
Vice President and
Associate Director of Research
DonaldJ. McAneny
Vice President and
General Auditor
Steven P. Cohen
Vice President
19
@FedFRASER