The Federal Reserve Bank of San Francisco has appointed Stan W. McNaughton to its Seattle Branch board of directors. McNaughton is president and CEO of Seattle-based PEMCO Mutual Insurance Company. The appointment is for a three-year term beginning January 1, 2009.
McNaughton has led PEMCO since 1998. Before joining the company in 1986, McNaughton held positions at the Everett Herald and Price Waterhouse.
McNaughton also serves as chairman of Evergreen Bancorp and is a member of the Washington Roundtable, and works on behalf of the Partnership for Learning, TVW, the Dean’s Advisory Board for Seattle University’s Albers School of Business and Economics, and the Executive Education Advisory Board for the Foster School of Business at the University of Washington Seattle.
Current Seattle Branch directors Kenneth M. Kirkpatrick, president, Washington State U.S. Bank and James R. Gill, president, Pacific Northwest Title Holding Co. will complete their terms of service on December 31. A second director vacancy will be filled and announced at a later date.
Other members of the Seattle Branch board include Helvi K. Sandvik (chair), NANA Development Corporation; William S. Ayer, Alaska Air Group; Richard Galanti, Costco Wholesale Corporation; Carol K. Nelson, Cascade Financial Corporation; and H. Stewart Parker, formerly of Targeted Genetics Corporation.