MEDIA ADVISORY 01/11/23
Financial Accounting Foundation Seeks Nominations for Financial Accounting Standards Board MemberNorwalk, CT, January 11, 2023—The Board of the Financial Accounting Foundation (FAF) today announced it is seeking nominations for a new member of the Financial Accounting Standards Board (FASB).
The FAF Board of Trustees Appointments Committee seeks to recruit candidates with diverse backgrounds and experience to ensure a balance of perspectives across the organization.
Though the official start date for the new FASB position would be July 1, 2024, the newly appointed member would be expected to start some time earlier in that year to ensure a successful transition. The initial five-year term will extend through June 30, 2029, at which time the Board member would be eligible to be considered for reappointment.
All candidates for the FASB should share certain characteristics, including a strong commitment to the FASB’s mission, deep technical skills and strategic acumen, a collaborative work style and collegial approach to coworkers, and well-developed communication skills. In addition, the need for diverse perspectives on the FASB means that the ideal candidate for this specific Board seat should also have significant experience at the senior level of the financial reporting profession such as:
- Chief Financial Officer/Controller/Chief Accounting Policy Officer of a large and complex publicly held global business
- Senior partner with a global accounting firm
- Leader in a financial reporting standard-setting or regulatory role.
A full description of the FASB member opportunity can be found on the FAF website. Persons interested in being considered for the role can email a resume and/or CV to our executive search firm for this search, Heidrick & Struggles, at FASB_Board@heidrick.com by February 28, 2023.