Dallas Fed reappoints Bob Patel to Houston Branch board

November 16, 2023

DALLAS—The Federal Reserve Bank of Dallas has re-appointed Bob Patel to its Houston Branch board of directors for a term ending Dec. 31, 2026.

He initially joined the Houston Branch board in 2021.

In his role as a board member, Patel provides insight into the region’s economy in support of the Federal Reserve's monetary policy function.

Patel is president of Standard Industries, a privately held global industrial company operating in more than 80 countries with over 20,000 employees. He joined Standard Industries in January 2022 to serve as CEO of its W.R. Grace & Co.

Prior to Standard, he served seven years as the CEO of LyondellBasell, one of the largest plastics, chemicals and refining companies in the world.

For more than 20 years, Patel has held leadership positions of increasing responsibility around the globe at Chevron Corporation and Chevron Phillips Chemical Company.

Patel serves on the board of Halliburton Company, and on The Ohio State University College of Engineering External Advisory Council and Temple University Fox School of Business Board of Visitors.

He earned a bachelor of science degree in chemical engineering from The Ohio State University and a master of business administration degree from Temple University.

The Houston Branch board consists of seven members, four appointed by the Dallas Fed and three by the Federal Reserve Board of Governors.

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Media contact:
Jon Prior
Federal Reserve Bank of Dallas
Phone: 214-922-6857
Email: jon.prior@dal.frb.org