(SOUTH YARMOUTH, MA) – Paul Rumul, President of The Davenport Companies and standing member of the New England Advisory Council (NEAC) for the Federal Reserve Bank of Boston will be joined by six new council members as recently announced by the Fed. The NEAC is convened by Boston Fed President Eric Rosengren and includes senior leaders of small- to mid-size businesses throughout New England. Members advise the Bank about underlying trends in the economy as viewed through the prisms of their own companies and respective industries.
“It’s exciting for me to welcome each one of these new members to the council, because I know they’ll help us stay connected to the real economy and its practitioners in the First District,” President Rosengren said. “We need to hear from leaders of businesses of all sizes, in all sectors, across New England, and each one of these new members offers unique perspective and experience.”
Rumul has begun his second year on the council along with fellow standing members James T. Brett, president and CEO, New England Council; Travis McCready, president and CEO, Massachusetts Life Sciences Center; Nannu Nobis, CEO, Nobis Engineering and Jessica Tang, President, Boston Teachers Union. They will be joined in 2019 by Carol Conway Bulman, CEO and president, Jack Conway & Co.; Karen Colberg, co-CEO, King Arthur Flour; Brad Hittle, Founder, CEO and president, Two Roads Brewing Company; Gregory Janey, President, Janey Construction Management and Consulting, Inc.; Oliver Smith, CEO, O. & Co. and Kierston Van Soest, CFO, L.L. Bean. In addition to welcoming new members, returning member Amy Latimer, president of TD Garden and Delaware North’s United Kingdom operations, will become the chair of the 2019 NEAC.
A longtime Cape resident, Rumul has spent over 40 years working in the Cape Cod business community. He resides in Sandwich with his wife Judy. The Davenport Companies, established in 1956, is now a fourth-generation family-owned business employing over 1,300 people at more than a dozen companies throughout New England.
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