Richards set to lead Fed's Salt Lake branch

The Federal Reserve Bank of San Francisco has appointed Patricia R. Richards chair of the Salt Lake City branch board of directors. She replaces Peter R. Metcalf, founder and CEO emeritus of Black Diamond Inc., whose term as chairman has expired. The changes were effective Jan. 1.

Metcalf will remain on the branch board as a director for a term that expires in 2019. David B. Smith, chief operating officer of Larry H. Miller Management Corp., has been appointed to the Salt Lake City branch board of directors to replace Albert T. Wada, chairman of Wada Farms Inc. of Pingree, Idaho, whose term has expired.

Richards is president and chief executive officer of SelectHealth Inc., a wholly owned not-for-profit health plan subsidiary of Intermountain Healthcare in Salt Lake City. Prior to joining SelectHealth in 2009, Richards served as executive vice president and chief operating officer of Health Alliance Plan of Michigan.

Active in the local community, Richards currently serves as a trustee of the Salt Lake Community College. She also serves on the board of the Alliance of Community Health Plans, a national leadership organization based in Washington, D.C.

Richards has a bachelor’s degree from the University of Toledo, where she also completed her master’s coursework in public healthcare administration.

Smith joined Larry H. Miller Management Corp. in 2013 and has been COO since January 2016. Prior to joining the LHM Management Corp., Smith was head of mergers and acquisitions for Leucadia National Corp. and director of business development for Koch Industries Equity Development.  He is a board member of the Utah Foundation.  Smith has a BS from the University of Utah and an MBA from the Marriott School of Business at Brigham Young University.