Beginning August 21, Jeffrey Schmid will be the president and chief executive of the Federal Reserve Bank of Kansas City.

The appointment ends a lengthy search process, as former president Esther George retired on January 31. Schmid will complete George’s term, which ends in February 2026. He can be reappointed for a new term.

Schmid’s most recent leadership role was as president and chief executive of the Southwestern Graduate School of Banking Foundation at the SMU Cox School of Business in