News Release 07/29/19

FAF Trustees Open Search for New Board Chair


Norwalk, CT—July 29, 2019—The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that it has formally opened the search for a new chair of the FAF Board of Trustees.  The current chairman, Charles H. Noski, previously announced his intention to step down from the FAF Board at the end of 2019 after four years of service.
 
“The chair of the FAF Board of Trustees plays a crucial role in preserving the integrity of the independent standard-setting process,” said Anthony J. Dowd, chair of the Appointments Committee of the FAF Board of Trustees.  “He or she is involved in all major Trustee decisions related to strategy, appointments, oversight, and governance, and represents the entire organization with high-level stakeholders and regulators. It’s an important and exciting opportunity for the right leader.”
 
The new chair will be appointed for a three-year term beginning January 1, 2020, Dowd noted, and can stand for reappointment to a second three-year term beginning in 2023.
 
Persons interested in nominating themselves or others for consideration as FAF Board chair should visit the Careers page on the FAF website for a complete job description and links to apply for the role.  Applications must be received on the FAF website on or before September 13, 2019.


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.