CEO Teresa Bryce Bazemore to depart March 2024; board forms search committee

Federal Home Loan Bank of San Francisco

Board decided not to renew CEO Bazemore's employment agreement; effective March 15, 2024, at term end.
Search committee formed, chaired by Director Brian Riley, to identify successor.
Bazemore indicated desire to retire in March 2025; board opted for earlier search for long-term continuity.
Bazemore will continue as CEO through March 2024 to ensure smooth transition.
Decision influenced by FHFA's 'FHLBank System at 100' review and board's long-term goals.

item 5.02 item 9.01

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Departed

Teresa Bryce Bazemore

President and Chief Executive Officer

Federal Home Loan Bank of San Francisco

Effective: 2024-03-15
Filed: August 3, 2023, 7:59 PM ET

Ms. Bazemore will no longer be the President and Chief Executive Officer of the Bank, effective March 15, 2024

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Teresa Bryce Bazemore departed as President and Chief Executive Officer at Federal Home Loan Bank of San Francisco.

Action: will no longer be
Role: President and Chief Executive Officer

Exact text from the filing

Ms. Bazemore will no longer be the President and Chief Executive Officer of the Bank, effective March 15, 2024

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Source: SEC EDGAR

accession 0001316944-23-000097

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