News Release 11/14/17
FINANCIAL ACCOUNTING FOUNDATION NAMES KATHLEEN L. CASEY, JEFFREY L. ESSER, AND DAVID C. VILLA AS NEW TRUSTEES
Norwalk, CT—November 14, 2017—The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the appointment of Kathleen L. Casey, Jeffrey L. Esser, and David C. Villa to the FAF Board of Trustees, effective January 1, 2018.
The FAF is the parent organization of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).
“The FAF Board of Trustees is pleased to welcome Kathleen, Jeffrey, and David as its newest members,” said FAF Chairman Charles H. Noski. “Their diverse experience and expertise will help the Trustees direct the effective, efficient, and appropriate stewardship of the FASB and GASB in carrying out their missions.”
The new appointments will fill upcoming vacancies on the Board of Trustees. Trustees whose terms conclude on December 31, 2017, are Secretary and Treasurer Ann Marie Petach, Charles S. Cox, and John C. Dugan.
“On behalf of the FAF, I want to thank Ann Marie, Charles, and John for their years of leadership, service, and their valuable oversight of the FASB and GASB’s standard-setting process,” said FAF President and CEO Teresa S. Polley.
Below are brief biographical sketches of the new Trustees:
Kathleen L. Casey
Jeffrey L. Esser
David C. Villa
About the Financial Accounting Foundation
Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). The FASB and GASB establish and improve financial accounting and reporting standards – known as Generally Accepted Accounting Principles, or GAAP – for public and private companies, not-for-profit organizations, and state and local governments in the United States. For more information, visit www.accountingfoundation.org.