OMAHA, Nebraska (Jan.12, 2023) – Scoular CEO Paul Maass has been appointed to the Federal Reserve Bank of Kansas City’s head office Board of Directors. The appointment was announced Wednesday.
Prior to this appointment, he served on Federal Reserve Bank of Kansas City’s Omaha Branch Board of Directors in 2022.
The Federal Reserve Bank of Kansas City is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation’s central bank, which promotes the effective operations of the U.S. economy.
Members of the head office Board of Directors represent the Tenth Federal Reserve District: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri. Member banks within the Tenth Federal Reserve District elected Maass to a three-year term, representing the public.
“I am honored to serve on the Federal Reserve Bank of Kansas City’s board of directors,” Maass said. “I look forward to working with my fellow board members to support the mission of the Federal Reserve system.”
Maass has been CEO at Scoular since 2016 and is responsible for the company’s worldwide strategic leadership. He also is a member of Scoular’s Board of Directors and has more than 30 years of experience in the agriculture and food industries.
Scoular is an employee-owned, over $9B agribusiness leading the way since 1892. We buy, sell, store, handle and process grain and ingredients by leveraging our global networks and expertise in international trade and transportation. Employing 1,400 people in more than 100 offices and facilities in North America and Asia, we provide safe and reliable solutions to farmers, grain processors, renewable energy producers and manufacturers of animal feed, aquafeed and pet food as well as food, beverages and supplements. Scoular, headquartered in Omaha, ranks 48th on the Forbes list of America’s largest private companies.