News

Fairchild CEO Appointed Federal Reserve Bank Director

January 11, 2004 by Jeff Shepard

Fairchild Semiconductor International (South Portland, ME) announced that President, CEO and Chairman Kirk Pond has been elected to serve as a director of the Federal Reserve Bank of Boston. Pond's responsibilities as a director will range from the supervision of the Federal Reserve Bank of Boston to making recommendations on monetary policy. Pond will continue in his role at Fairchild Semiconductor while serving as a director.

"This is a great honor and I look forward to working with the other directors and officers to help shape the monetary policy for the Federal Reserve through representation of the interests of Maine and the New England region," said Pond. "The Federal Reserve Bank of Boston plays a vital role in influencing the flow of money and credit in the nation's economy. High technology businesses, such as Fairchild, are key drivers for our region's economy. It will be my contribution to represent not only the interests of New England, but also of the industry and its economic opportunities and challenges."