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Dr. Gary Gottlieb, the chief executive of Partners in Health, a nonprofit that provides medical services to impoverished nations, will serve as chairman in 2017 for the Federal Reserve Bank of Boston’s board of directors.
Phillip L. Clay, a former chancellor at the Massachusetts Institute of Technology, will be vice chairman to the Boston Fed’s board.
The Boston Fed announced the annual leadership change on Thursday and it will take effect on Jan. 1.
Gottlieb replaces current chairman John Fish, the head of Suffolk Construction Co., who will also be leaving the Fed board.
The Boston Fed also announced that Niraj Shah, cofounder of online retailer Wayfair, will be joining its board, along with Kathleen Walsh, the chief executive of Boston Medical Center.
The Federal Reserve Board of Governors and member banks select the nine directors to the Boston Fed board to represent the public and various sectors of the state’s economy.