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Bank Announces Appointments to Economic Advisory Council

For immediate release
Contact: Daneil Mazone, E-mail Media Relations, 215-574-7163

Philadelphia, PA — The Federal Reserve Bank of Philadelphia today announced the appointments of four executives to the Bank’s Economic Advisory Council (EAC): Madeline Bell, president and COO, The Children’s Hospital of Philadelphia (CHOP); Varsovia Fernandez, president and CEO, Greater Philadelphia Hispanic Chamber of Commerce (GPHCC); Maria Rodale, chairman and CEO, Rodale Inc.; and Lynn M. Utter, president and COO, Knoll Office, a unit of Knoll, Inc. Each will serve three-year terms on the EAC.

The EAC advises Philadelphia Fed officials on regional business conditions and economic issues that have an impact on the marketplace. The council includes representatives from diverse industries as well as nonprofits and organized labor in the Third Federal Reserve District, which includes eastern Pennsylvania, southern New Jersey, and Delaware.

Madeline BellMadeline Bell

Madeline Bell began her career at CHOP, the nation’s first hospital exclusively for children, and after a variety of management and executive promotions, she was named president and COO in 2007.

Bell serves as a board member for the University City District, the Schuylkill River Development Corporation, the Delaware Valley Healthcare Council, the Children’s Hospital Association, and the Villanova University College of Nursing advisory board. She has an M.S. and a master’s degree in philosophy, both from the University of Pennsylvania, and a B.S. in nursing from Villanova University.

Varsovia FernandezVarsovia Fernandez

Varsovia Fernandez is president and CEO of the GPHCC, a not-for-profit organization that promotes the advancement and economic growth of Hispanic businesses and professionals in the Greater Philadelphia region. Previously, Fernandez worked with Congreso de Latinos Unidos as vice president of external affairs from 2003 to 2006, and, before that, she held several senior corporate positions in a variety of industries.

Fernandez serves on various boards and commissions, including Comcast’s National Joint Diversity Advisory Council, the Pennsylvania Early Learning Investment Commission, the Philadelphia Youth Network Council for College and Career Success, and the Governor’s Advisory Council on Privatization and Innovation. She is also a member of the board of the Community College of Philadelphia Foundation. Fernandez has a B.S. in business management from Rosemont College.

Maria RodaleMaria Rodale

Maria Rodale is the chairman and CEO of Rodale Inc., publisher of health and wellness lifestyle books, magazines, websites, and the e-commerce site Rodale’s (Rodales.com). Rodale joined the family business in 1987, initially working in circulation and direct marketing. In 1998, she became the director of strategy, and in 2007, she was elected chairman.

Rodale is the author of several books, including Organic Manifesto: How Organic Farming Can Heal Our Planet, Feed the World, and Keep Us Safe. She is cochair of the Rodale Institute board and a member of the board of Bette Midler’s New York Restoration Project. She has a B.A. in communications and art from Muhlenberg College.

Lynn M. UtterLynn M. Utter

Lynn M. Utter is president and COO of Knoll Office, a unit of Knoll, Inc., a global firm that designs and manufactures office and home furnishings. She has been president and COO of Knoll Office since 2012. Previously, Utter was president and COO of Knoll North America from 2008 to 2012. From 2003 to 2008, Utter was the chief strategy officer at Coors Brewing Company, a business unit of Molson Coors Brewing Company. She was also group vice president of operations and held various operational titles during her tenure with Coors, which began in 1997. Before that, Utter was the vice president of sales at the Frito-Lay Company.

Utter is a director of WESCO Distribution, Inc. and WESCO International, Inc. She is also a member of the Internal Audit Committee at the University of Texas. Utter has an M.B.A. from Stanford University and a B.B.A. from the University of Texas at Austin.

The four new EAC appointees are replacing retiring members Kevin Flemming, president of Integrity Personnel and CEO of Integrity Business Services, LLC; Teresa Bryce Bazemore, president of Radian Guaranty, Inc.; Cheryl Feldman, executive director of District 1199C Training & Upgrading Fund; and Edward Graham, chairman, president, and CEO of South Jersey Industries, who was appointed to the Bank’s board of directors in January 2014.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System.

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Daneil Mazone E-mail
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(267) 535-1808 (cell)

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