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The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has formed a search committee to identify a new president and CEO who will succeed Teresa Bryce Bazemore when her term expires on March 14, 2024.

“When the Federal Home Loan Bank of San Francisco Board initiated discussions with Teresa regarding a potential extension of her three-year employment agreement beyond its current expiration date of March 2024, she indicated that, due to personal and other considerations, she would like to retire in March 2025,” said Board Chairperson Simone Lagomarsino. “As a result, and in consultation with Teresa, the board has decided to move forward with a search to identify a new CEO who will deliver long-term continuity and engaged leadership.”

The search committee will be chaired by Brian Riley, a board director.

“Among the most important tasks of any board of directors is ensuring that the organization continues to have strong leadership and has a thoughtful continuity plan,” said Riley. “We take our responsibility to find the next leader very seriously and are confident that we will be able to identify candidates with the strongest expertise, leadership skills, and integrity, who can build on the bank’s strong record and help lead us into the future. I join Chair Lagomarsino in thanking Teresa for her important contributions to the Bank and in appreciation for her commitment to a smooth transition.”