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Philadelphia Fed Names New Business Council Members

For release: November 8, 2004
Contact: Kathy Dibling, 215-574-4119

PHILADELPHIA - The Federal Reserve Bank of Philadelphia has appointed several business leaders to serve on its Business Council for three-year terms beginning this year. The 12-member council advises Federal Reserve officials about regional business conditions and economic issues that have an impact on the marketplace.

Robert L. Gronlund is chairman and CEO of Wood-Mode Inc., a manufacturer of kitchen cabinetry in Kreamer, Pa. He is a member of the National Kitchen & Bath Association and Kitchen Cabinet Manufacturers Association, Reston, Va. He serves on the board of Capital Blue Cross, Harrisburg, Pa.; Evangelical Community Hospital, Evangelical Community Hospital Foundation, and Evangelical Community Hospital Ambulatory Surgical Center, all in Lewisburg, Pa. He is chairman of the board of Evangelical Community Hospital Homecare Products, Lewisburg, Pa. He received a bachelor's degree in economics from Ohio Northern University, Ada, Ohio.

Melinda Kay Holman is president of Holman Enterprises, a company of automobile dealerships, in Pennsauken, N.J. She is the Alexis de Tocqueville Society Chair of the Camden County United Way Board of Trustees. She is a co-chairman of the Westfield Friends School's capital campaign. She serves on the Faulkner Advisory Board and the Entrepreneur Forum of Southern New Jersey. In 2004, Holman received the Ford Motor Company's Salute to Dealers Award. Holman has a bachelor's degree from the College of William & Mary, Williamsburg, Va., and a master's degree from Old Dominion University, Norfolk, Va.

Rodman Ward II is president of the Speakman Co., a plumbing manufacturer in Wilmington, Del. He is a member of the Plumbing Manufacturers Institute Industry Association and the Corporation Service Co. He has a bachelor's degree from Middlebury College, Middlebury, Vt., and an MBA from the University of North Carolina, Raleigh, N.C.

The Federal Reserve Bank of Philadelphia serves depository institutions in eastern Pennsylvania, southern New Jersey, and Delaware. The Bank supplies cash to the banks and thrifts, supervises them, collects and processes about 5 million checks daily, wires money and securities nationwide, and participates in the broader objective of setting monetary policy.

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