Khator will replace Mike Ullman.
By The American Bazaar Staff
WASHINGTON, DC: The Federal Reserve Board of Governors in Washington, D.C., has named Renu Khator, chancellor and president of the University of Houston, chairwoman of the Federal Reserve Bank of Dallas for 2015.
Khator will replace Mike Ullman, chief executive of J.C. Penney Co., reported The Dallas Morning News.
Khator was named to the Dallas Fed board in January 2011, and was appointed deputy chair in 2013.
“I am excited and honored to receive this opportunity, and for the recognition it brings to the University of Houston,” Khator said, in a statement. “As chair, I look forward to adding my perspective to the important monetary policy discussions conducted by the talented and dedicated members of the Federal Reserve Bank of Dallas.”
Khator is the University of Houston System’s first female chancellor and the first Indian immigrant to lead a U.S. comprehensive research university. Since 2008, she has overseen the University of Houston’s System’s more than 65,000 students and a budget of over $1.3 billion.
Khator also is a noted scholar in the field of global environmental policy and has published numerous books and articles on the subject, noted The Dallas Morning News.
This year, Khator has been recognized by several organizations for her commitment to excellence in higher education. Among her 2014 honors are the Pravasi Bharatiya Samman Award from the President of India, NAPSA President’s Award and the Pride of India Award, reported the Memorial Examiner.
Khator also serves several organizations, including the Indian Prime Minister Narendra Modi’s Global Advisory Council, the American Council on Education, the Greater Houston Partnership, the Houston Technology Center, the Methodist Hospital Research Institute Board, the Business-Higher Education Forum and the Council on Foreign Relations.
Khator was born in Uttar Pradesh, India, earning a bachelor’s degree at the University of Kanpur. She received her master’s degree and her Ph.D. in political science from Purdue University.