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Chamber CEO Sandy Baruah appointed to Federal Reserve board in Detroit

Crain’s Detroit Business

Kurt Nagl

September 27, 2017

The Federal Reserve Bank of Chicago has appointed Detroit Regional Chamber CEO and President Sandy Baruah to its Detroit branch board of directors.

Baruah’s term, effective immediately, expires Dec. 31 and will be followed by an additional three-year term through 2020, according to a news release from the Detroit Regional Chamber.

Baruah, 51, replaces Fernando Ruiz, retired vice president and treasurer of Dow Chemical Co., who vacated his position on the board, Fed spokesman Dan Wassmann said via email.

In his new role, Baruah will be tasked with helping form national monetary policy and acting as a link between the Federal Reserve and the private sector, the release said. He will receive compensation for his service on the board.

“(Baruah) works extensively with Detroit business leaders and has keen insights regarding the economic pulse of the region,” Bob Wiley, manager of the Detroit branch, said in a written statement. “His views will help the board of directors provide (Federal Reserve Bank of Chicago) President Charlie Evans with a comprehensive view of economic conditions in Southeast Michigan.”

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