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Philadelphia Fed Creates an Economic Advisory Council

For immediate release
Contact: Katherine Q. Dibling, senior media representative, (215) 574-4119

Philadelphia, Pa. -  The Federal Reserve Bank of Philadelphia has established an Economic Advisory Council. This new council replaces the Business Council and includes representatives from the tourism, health-care, retail, and food industries and organized labor that better reflect our diverse District. The council's 14 members represent more of our region's economic base and a broader geographic area than the previous business council.

The council will advise Federal Reserve officials on regional business conditions and economic issues that have an impact on the marketplace.  The council members serve a three-year term.

The council will include former members of the Business Council, including Renee Amoore, president and CEO, the Amoore Group; Daniel Blaschak, treasurer for Blaschak Coal Inc.; James J. Hargadon, Oki Data Americas Inc.; Eric May, president and owner of Pen-Fern Oil Co. Inc.;  Kenneth Tuckey, president, Tuckey Mechanical Services; and David C. Wenger, president and CEO, Transport Decisions.

New members:

Edward Coryell is a business manager for the Metropolitan Regional Council of Carpenters, Philadelphia. He serves on the boards of Independence Blue Cross of Philadelphia and Philadelphia Media Holdings. He is co-chairman of the Philadelphia Carpenters Pension, Annuity, and Savings Fund, and a co-chairman of the Philadelphia Carpenters Joint Apprentice Committee.

Alexander J. Hatala is the CEO for Catholic Health East-NJ, Camden, which includes Our Lady of Lourdes Medical Center, Camden; Lourdes Medical Center of Burlington County, Willingboro; St. Francis Medical Center, Trenton; and St. Michael’s Medical Center, Newark. Hatala is vice chairman of the New Jersey Hospital Association and a board member for the Greater Camden Partnership. He has a bachelor’s degree from Rutgers University and a master’s degree in health administration from the University of Florida.

Kelly D. Johnston, is vice president, government affairs, for Campbell Soup Company, Camden, N.J. Prior to this, Johnston spent 25 years in Washington, D.C., in a variety of leadership positions in the executive and legislative branches of the federal government. He was the secretary of the U.S. Senate, the Senate’s chief legislative, financial, and administrative officer; staff director of the Senate Republican Policy Committee; deputy assistant secretary, public affairs, in the U.S. Department of Transportation; and chief of staff or press secretary to three different members of Congress. He was also executive vice president for government affairs and communications at the National Food Processors Association, now GMA, serving as chief federal and state legislative and political affairs representative and chief media spokesperson.

Currently, Johnston is chairman of the Chamber of Commerce Southern New Jersey and vice chairman of the Canadian American Business Council. He also serves on the board for the New Jersey Agricultural Society and the Congressional Management Foundation. He has a bachelor’s degree in drama and communications from the University of Science and Arts of Oklahoma, and he attended Georgetown University’s Graduate School of Demography.

Sharmain Matlock-Turner is president of the Greater Philadelphia Urban Affairs Council (GPUAC). Prior to her position at GPUAC, she was associate vice president, legislative and community affairs, for Mercy Health System. Matlock-Turner chairs the boards of trustees/directors of the West Oak Lane Charter School, the Ogontz Avenue Revitalization Corp., and the Peoples Emergency Center. She is also a board member of La Salle University and  the Redevelopment Authority of the City of Philadelphia, The Reinvestment Fund, and the United Way of Southeastern Pennsylvania. Matlock-Turner co-hosts a weekly radio show, Financial Voices, on WURD 900 AM. The show focuses attention on consumer and small business issues. She has a bachelor’s degree in education from Temple University. In 2005, she was one of three Philadelphia nonprofit leaders selected to receive a scholarship to Harvard Business School’s nonprofit leaders’ summer program.

William W. Moore is president and CEO of the Independence Visitor Center Corp., Philadelphia. He is also senior vice president of theme park development for Six Flags Corp., Parsippany, N.J.; president of Six Flags Astroworld, Houston, Texas; and general manager of Six Flags Great Adventure, Jackson, N.J. He is chairman emeritas on the board of Historic Philadelphia Inc. and also serves on its strategic planning committee and the nominating committee. He is on the international and executive committees of the Philadelphia Convention and Visitors Bureau's board of directors.

Moore chairs the Old City District Board of Directors, and he serves on the boards of the Pennsylvania Heritage Society and Welcome America Inc. He is a member of the Philadelphia Mayor's Hospitality Cabinet and serves on the advisory board of Self Service Expo for kiosk.com, along with various other hospitality committees, such as First Industries Steering Committee and Philadelphia and the Countryside.

Christopher Schell is the president and co-founder of  Schell Brothers LLC, Lewes, Del.  He is also president of Echelon Custom Homes, LLC, and Zero Energy, LLC. He is the owner of Delaware Renewable Energy Co. Schell is a trustee for the University of Delaware. He has a bachelor’s degree in mechanical engineering from MIT and an MBA from Harvard Business School.

George Tsetsekos is a dean at Drexel University. His expertise is in valuation and corporate restructuring; treasury and risk/hedging operations; investment banking; securitization; emerging capital markets; multinational finance, and bank asset-liability management. Tsetsekos has a Ph.D. in finance from the University of Tennessee; an MBA in finance from Wright State University; and has bachelor's and master's degrees in mechanical and electrical engineering from the National Technical University of Athens. He also has a professional engineering certificate.

Mark C. Wagner is the co-founder and president and CEO of White Oak Mills Inc., a livestock and poultry feed manufacturer in Elizabethtown, Pa.  He is also a bank director for Ephrata National Bank. Wagner is a graduate of Manheim Central High School, Manheim, Pa.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. The Philadelphia Fed serves the Third District, which is composed of eastern Pennsylvania, southern New Jersey, and Delaware.

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