The Federal Reserve Bank of Atlanta has been without a permanent president since Raphael Bostic stepped down on February 28, 2026. Finding his replacement is proving to be a drawn-out affair, with a formal search committee, an executive recruiting firm, and public input sessions all in play as the process grinds forward.
First Vice President Cheryl Venable has assumed interim leadership of the bank, a contingency plan triggered when no successor was named by Bostic’s retirement date.
The search machine
The presidential search is being managed by a committee of Class B and Class C directors, the board members who represent the public interest rather than the banking industry. Gregory A. Haile chairs the committee.
Heidrick & Struggles, the executive search firm, has been brought in to help identify candidates.
