Termeer to lead Fed board in Boston
The Federal Reserve yesterday named Henri A. Termeer, chief executive of Cambridge biotechnology firm Genzyme Corp., as chairman of the board of the Federal Reserve Bank of Boston.
Termeer, now deputy chairman, will take over leadership of the board in 2010, succeeding Lisa M. Lynch, dean and professor of economics at the Heller School for Social Policy and Management at Brandeis University. Lynch completes her second three-year term at the end of this year. Board members are generally limited to two consecutive terms. Kirk A. Sykes, president of the Boston real estate investment firm Urban Strategy America Fund LP, will succeed Termeer.
The 12 Federal Reserve banks each have nine members on their boards of directors, three selected by the board of governors.
