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VOL. 130 | NO. 68 | Wednesday, April 8, 2015

 

Scarboro Takes Reins at Regional Fed

By Kate Simone

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Douglas Scarboro has been named regional executive of the Memphis Branch of the Federal Reserve Bank of St. Louis. In that role, Scarboro is responsible for working with business leaders and local communities in western Tennessee, northern Mississippi and eastern Arkansas to inform the setting of monetary policies.

Hometown: Fayetteville, N.C., but I am Memphian by choice.

Experience: Prior to joining the St. Louis Federal Reserve I served as chief learning officer for the city of Memphis and as executive director of the Office of Talent and Human Capital. I have a Bachelor of Arts in political science from Morehouse College, Atlanta; an MBA from Campbell University, Buies Creek, N.C.; and an Ed.D. in higher and adult education from the University of Memphis. I have also completed the Senior Executives in State and Local Government program at Harvard University’s John F. Kennedy School of Government.

SCARBORO

Family: I’m married to Dr. Nichole Saulsberry-Scarboro and have two sons.

Favorite quote: “Every man and woman is born into the world to do something unique and something distinctive, and if he or she does not do it, it will never be done.” – Benjamin Elijah Mays, president of Morehouse College, 1940-1967

Favorite movie: “Heat” (Outside of the action, it’s really about relationships.)

The sports team(s) you root for: Memphis Tigers and Duke Basketball (I grew up on Tobacco Road.)

What talent do you wish you had? I wish I could make my own shoes and clothes, so I wouldn’t have to keep paying for them.

What attracted you to your company? My great respect for the character and work of my predecessor, Martha Perine Beard, and the Federal Reserve’s data, expanse and resources.

What are your goals in your new position? I want to assist in making the economy of the Memphis Zone the strongest in the nation.

What do you consider your greatest accomplishment? I’m proud to have been able to work the rhythms of life to have career success and a caring, loving family.

What do you most enjoy about your work? I enjoy having constant insight into the interplay of factors that make our economy prosper.

If you could give one piece of advice to young people, what would it be? Deal with your fear. Whatever it is – fear of not being good enough and failing, fear of being different and misunderstood, etc. Deal with your fear, so that you can design a life of your own choosing that gets you to a place that you want to be. Live a life of curated pursuit, not helpless avoidance.

David Jachetta has been appointed the general manager of the Hilton Memphis by management company Davidson Hotels & Resorts. Jachetta has 20 years of experience in the hospitality industry. He has been with Hilton Memphis since October 2012, most recently serving as hotel manager.

ALLEN

Alena Allen, associated professor in the University of Memphis Cecil C. Humphreys School of Law, has been selected for the 2015 Tennessee Board of Regents’ Maxine Smith Fellows Program. The program provides diverse employees of TBR’s 46 schools an introduction to administrative roles in system or upper-level administrative policy-making positions. Each fellow is assigned an administrative mentor with whom they develop a fellowship work plan.

PENNINGTON

POINDEXTER

Jeff Pennington has joined ProTech Systems Group Inc. as account manager, network technical sales, where he will focus on selling Pro-Tech’s core IT products and services in new accounts. David Poindexter has joined ProTech as account manager, talent acquisition sales. He will focus on growing the firm’s talent acquisition sales in Memphis and Nashville.

Chelsey Ross has joined Obsidian Public Relations as an account assistant, where she will provide tactical support to the firm’s senior-level managers. Ross was promoted from Obsidian’s internship program, where she served as a level 2 intern.

Margaret Johnson, general counsel for Ewing Moving and Storage, has joined the board of the RISE Foundation. Johnson received a bachelor’s degree in journalism from the University of Memphis and her juris doctorate from the university’s Cecil C. Humphreys School of Law.

LOFTIS

Dianne Loftis, a graduating senior at Rhodes College, has been named a Watson Fellow, a designation that includes a stipend for travel and study abroad. Loftis plans to visit five countries while completing her project, “Exhibitions and Empathy: Curating Contemporary Art as Living Heritage.”

The University of Memphis has been re-designated as a National Center of Academic Excellence in Cyber Defense Research through 2021 by the National Security Agency and the U.S. Department of Homeland Security. The university’s Center for Information Assurance, which was established in 2004, focuses on issues that threaten the nation’s infrastructure and works toward solutions to enhance local and national cybersecurity efforts.

John P. Freeman Optional School second-graders and their teacher, Melissa Collins, have been awarded an honorable mention in the White House Student Film Festival for their short film, “How Giving Goes Viral.” In the film, students discuss their time making an impact in the community, including working with business leaders, continuing Dr. Martin Luther King Jr.’s legacy and donating gifts to patients at St. Jude Children’s Research Hospital.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 133 1,342
MORTGAGES 0 131 1,047
FORECLOSURE NOTICES 0 19 170
BUILDING PERMITS 28 305 3,056
BANKRUPTCIES 25 98 716
BUSINESS LICENSES 4 26 302
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0