Male outgoing board chairman, to be replaced by female, extols FDIC record of hiring women for top roles

Citing his agency’s priority of promoting the advancement of women in the workplace, outgoing Federal Deposit Insurance Corp. (FDIC) Board Chairman Martin Gruenberg told a Washington group Tuesday that females hold 38.5% of the agency’s executive manager positions.

In his remarks to the group Women in House and Finance (WHF), Gruenberg said the percentage of women in the executive positions (as of November 2017) represented a “sizable increase in just the past five years.”

“We have established a number of initiatives to make more progress in this area, including efforts to recruit and hire more women and to encourage the women in our workforce to engage in active career development planning and to seek leadership roles at the FDIC,” he said.

Gruenberg, whose term as chairman expired in November and who will likely soon be replaced in that position by nominee Jelena McWilliams, noted that in the deposit insurer’s 85-year history, the agency has had three women chairmen (Ricki Tigert Helfer, Donna Tanoue and Sheila Bair). “Soon we will welcome Jelena McWilliams, our fourth female chairman,” he said.

Gruenberg continues to serve as agency chairman until his successor is confirmed by the Senate. His term as a member of the FDIC Board runs until December 2018.

Remarks by Martin J. Gruenberg, Chairman, Federal Deposit Insurance Corporation at the Women in Housing & Finance Thank You Reception for FDIC Chairman Gruenberg; Washington, D.C.

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