The Federal Reserve Bank of Philadelphia has created an Economic Advisory Council to replace its long-standing Business Council.
The Philly Fed's former Business Council was 10 members and nearly all were businesspeople. The new 14-member council draws from the tourism, health-care, retail and food industries, as well as organized labor and academic world.
Their roles are similiar: to advise Federal Reserve officials on regional business conditions and economic issues that affect the marketplace.
As spokeswoman Katherine Dibling put it, the members provide "grass-roots information" to Fed thinkers who very much have an analytic viewpoint. "These people are in the salt mines," she said.
Table-salt, rather than road salt, I would think.
Six members from the old Business Council survived the transition: Renee Amoore, president and CEO of Amoore Group, King of Prussia; Daniel Blaschak, treasurer for Blaschak Coal Inc., Mahanoy City, Pa.; James J. Hargadon, chief financial officer of Oki Data Americas Inc., the Mount Laurel maker of printers and other electronic office equipment; Eric May, president and owner of Pen-Fern Oil Co. Inc., Dallas, Pa.; Kenneth Tuckey, president of Tuckey Mechanical Services, Carlisle; and David C. Wenger, president and CEO of Transport Decisions, Churchville, Pa.
The following are new members:
Edward Coryell, business manager for the Metropolitan Regional Council of Carpenters, Philadelphia.
Alexander J. Hatala, president and CEO of Lourdes Health System, Camden.
Kelly D. Johnston, vice president of government affairs for Campbell Soup Co., Camden.
Sharmain Matlock-Turner, president of the Greater Philadelphia Urban Affairs Council.
William W. Moore, president and CEO of the Independence Visitor Center Corp., Philadelphia.
Christopher Schell, president and co-founder of Schell Bros. L.L.C., a Lewes, Del., home builder.
George Tsetsekos, dean of Drexel University's LeBow College of Business.
Mark C. Wagner, president and CEO of White Oak Mills Inc., a livestock and poultry feed manufacturer in Elizabethtown.