Peter Metcalf, the founder, president and chief executive officer of Utah-based Black Diamond, might be known more for his involvement in the outdoor industry than in business board rooms. But the New York City native has recently been named a director of the Salt Lake City Branch of the Federal Reserve Bank of San Francisco.
Metcalf replaces Scott Hymas, the CEO of R.C,. Willey, who retired from the branch's board after serving as a director since 2007.
According to the Globe Newswire, the Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions in nine western states. As the nation's central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers certain consumer protection laws and is fiscal agent for the U.S. government.