John Fish named chairman of Boston Fed board
The Federal Reserve on Friday named John F. Fish, chief executive of Suffolk Construction, chairman of the board of the Federal Reserve Bank of Boston.
Fish, now the deputy chairman, will succeed William D. Nordhaus, an economics professor at Yale University. Gary L. Gottlieb, chief executive of the nonprofit health care organization Partners in Health and a member of the Boston Fed board, will become deputy chairman when Fish moves up in 2016, the Federal Reserve said.
Each of the 12 Reserve Banks has a nine-member board of directors. The Board of Governors in Washington appoints three of the directors and designates one of its appointees as chair and a second as deputy chair.
Fish is a prominent businessman who launched the unsuccessful bid to host the 2024 Olympics in Boston, and helped found the Massachusetts Competitive Partnership, a public policy group of chief executives of some of the state's biggest companies. Suffolk Construction is one of the largest privately held construction companies in the country, with about $2.7 billion in annual revenues.
Before taking the position at Partners in Health in July, Gottlieb served as chief executive of Partners HealthCare, the state's largest health system.