SALT LAKE CITY, Jan. 8, 2014 (GLOBE NEWSWIRE) -- The Board of Governors of the Federal Reserve System named Peter Metcalf, Founder, President and Chief Executive Officer of Black Diamond, Inc. (Nasdaq:BDE), a Director of the Salt Lake City Branch of the Federal Reserve Bank of San Francisco for a three-year term that began January 1, 2014.
Metcalf will replace Scott Hymas, Chairman, Salt Lake City Branch Board and Chief Executive Officer, R.C. Willey Home Furnishings, Salt Lake City, Utah, who retired from the Branch's Board after serving as a Director since 2007.
The Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions in the nine western states through its head office in San Francisco, branch offices in Los Angeles, Portland, Salt Lake City, and Seattle, and a cash processing office in Phoenix. 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.
Active in community affairs, Metcalf is currently serving, or has served on, corporate advisory committees and boards of directors, including the Utah Governor's Wasatch Summit Task Force Executive Committee, Outdoor Industry Association, Outdoor Eco-System Task Force of Utah Governors Leavitt and Huntsman, Utah Nature Conservancy, and Utah Economic Development Corporation.
A native of New York City, Metcalf received a Bachelor of Arts degree in political science from the University of Colorado and a Certificate in Management from Drucker Graduate School of Management, Claremont Graduate University.
Other members of the Fed's Salt Lake City Branch Board of Directors include: Bradley J. Wiskirchen, Chairman, Salt Lake City Branch Board and Chief Executive Officer of Keynetics Inc. Boise, Idaho; Josh England, President and Chief Financial Officer, C.R. England, Inc., Salt Lake City, Utah; Susan Johnson, President, Futura Industries Corporation, Clearfield, Utah; Patrick F. Keenan, Chief Financial Officer, Rio Tinto Kennecott Utah Copper, South Jordan, Utah; Damon G. Miller, Utah Market President, U.S. Bank, Salt Lake City, Utah; and Albert T. Wada, Chairman and Chief Executive Officer, Wada Farms Inc., Pingree, Idaho.
About Black Diamond, Inc.
Black Diamond, Inc. is a global leader in the design, manufacturing and marketing of innovative active outdoor performance products for climbing, mountaineering, backpacking, skiing, cycling and other outdoor recreation activities for a wide range of year-round use. The Company's principal brands, Black Diamond®, Gregory™, POC™ and PIEPS™, are iconic in the active outdoor industry and linked intrinsically with the modern history of these sports. Black Diamond is synonymous with performance, innovation, durability and safety that the outdoor and action sport communities rely on and embrace in their active lifestyle. Headquartered in Salt Lake City at the base of the Wasatch Mountains, the Company's products are created and tested on some of the best alpine peaks, slopes, crags, roads and trails in the world. These close connections to the Black Diamond lifestyle enhance the authenticity of the Company's brands, inspire product innovation and strengthen customer loyalty. The Company's products are sold by leading specialty retailers in the U.S. and 50 countries around the world. For additional information, please visit the Company's websites at www.blackdiamond-inc.com, www.blackdiamondequipment.com, www.gregorypacks.com, www.pocsports.com or www.pieps.com.
CONTACT: Company Contact:
Warren B. Kanders
President & CEO
Liolios Group, Inc.
Scott Liolios or Cody Slach