Chief Information Officer, Federal Reserve Bank
Margaret E. "Lyn" McDermid joined the Federal Reserve Bank as CIO in 2013. Most recently, McDermid served as Senior Vice President and CIO at Dominion Resources, a Richmond-based Fortune 500 energy company. With more than 20 years of IT experience at Dominion Resources, McDermid has an exceptional leadership record, with deep knowledge of the changing information technology landscape.
A native of Boston, McDermid was the first woman to enter the Apprentice Program at the Newport News Shipyard, where she completed the Patternmaker’s program.
McDermid’s assignments at Stone and Webster included start-up engineering for five nuclear plants: North Anna 1 and 2, Waterford 1 and 2, and Beaver Valley 2.
After holding various positions in Virginia Power’s Engineering & Construction Department, McDermid was named Director--Administrative Services in 1986. She was promoted to Vice President--Information Technology, and Chief Information Officer Oct. 1, 1998, and was named CIO Jan. 1, 2000.
McDermid received her bachelor’s degree in business from Mary Baldwin College in Staunton, Va. She went on to earn an M.B.A. from the University of Richmond.
McDermid was named to Computerworld's list of "Premier 100 IT Leaders for 2004." She was appointed by Gov. Gilmore to be a member of the Chief Information Officer Advisory Board and a member of the Virginia Research and Technology Advisory Council. She is a member of the Board of Trustees at Mary Baldwin College, Foundation Board at J. Sargeant Reynolds Community College, Board of Directors for the Greater Richmond Technology Council, Board of the Richmond Forum, and CIO Forum and is active in United Way and Big Brothers, Big Sisters.