For immediate release: January 5, 2024
MIAMI—The Federal Reserve Bank of Atlanta announces the appointments of Diane Bessette and Ignacio Garcia-Menocal to the Miami Branch board of directors. Bessette was appointed by the Board of Governors and Garcia-Menocal was appointed by the Atlanta board of directors, both to three-year terms beginning January 1, 2024, and ending December 31, 2026.
Bessette is chief financial officer of Lennar Corporation in Miami, Florida. She is a member of the Wall Street Journal CFO Network and a graduate of the University of Rhode Island. Garcia-Menocal is cofounder and chief executive officer of Grove Bay Hospitality Group in Miami. He is a board member of the City of South Miami Advisory Committee and a graduate of Florida International University in Miami.
Daniel Lavender, chief executive officer of Moorings Park Institute in Naples, Florida, was reappointed by the Atlanta board of directors to a three-year term beginning January 1, 2024, and ending December 31, 2026.
The other directors of the Atlanta Fed's Miami Branch are:
- Kathleen Cannon, president and chief executive officer of United Way of Broward County in Fort Lauderdale (term expires December 31, 2024),
- Ginger Martin, president and CEO of American National Bank in Oakland Park (term expires December 31, 2024),
- Rita Case, president and chief executive officer of Rick Case Automotive Group in Sunrise (term expires December 31, 2025), and
- Jose E. Cueto, president and chief operating officer of Grove Bank and Trust in Miami (term expires December 31, 2025).
Federal Reserve Bank of Atlanta branch directors provide economic information from their industries and the branch territory to the district Bank's president and head office directors, who use the information in discussing monetary policy options and making discount rate recommendations. The Board of Governors appoints three of the Miami Branch directors, and the Atlanta head office directors appoint four.