Lyn McDermid

Margaret Lyn McDermid, Secretary of Administration

Lyn McDermid brings vast knowledge and experience to the administration. At a young age, Lyn was the first woman accepted to the Apprentice School at Newport News Shipbuilding. She received a B.A. from Mary Baldwin College and an MBA from the University of Richmond.

From 2013-2020, Lyn worked at the Federal Reserve System as Chief Information Officer (CIO) and Director of Federal Reserve Information Technology (FRIT). There, she oversaw the Federal Reserve System IT strategy, IT investment and spending, and enterprise cyber security. She also directed the management of national IT operations, project services, and enterprise architecture and standards. Prior to joining the Federal Reserve, she served as senior vice president and chief information officer at Richmond-based Fortune 500 company.  

Lyn has served on several boards including Chair of the Board of Directors of the Federal Reserve Bank of Richmond, Chair of the Board of Trustees of Mary Baldwin College, Chair of the Board of the Greater Richmond Technology Council, and currently Chair of the ChildFund International Board.

Her commitment to education is reflected in long-standing support of Reynolds Community College, University of Richmond and Virginia Commonwealth University. She also serves on the IT visiting committee for Harvard University.

Lyn was named to the Computerworld’s list of Premier 100 IT Leaders for 2004, received the 2008 Executive Women in Business Achievement Award, was recognized as one of the Richmond YWCA’s 2010 Outstanding Women, and was honored with the RichTech Chairman’s Award in 2013. She co-founded the Richmond Women in Technology group and is honored with the naming of their annual recognition of women technologists as the Margaret “Lyn” McDermid awards.