NEWS RELEASE 07/12/11

Financial Accounting Foundation Names Robert Stewart VP, Communications; Grace Hinchman VP, Government Affairs and External Relations

Norwalk, CT, July 12, 2011—The Financial Accounting Foundation (FAF) today named Robert W. Stewart as its new vice president, communications, and announced that Grace Hinchman will become vice president, government affairs and external relations.

“We’re making these changes to help us better fulfill our strategic commitment to our relationships with investors and all of our stakeholders and to better communicate to them the goals, priorities, and activities of the FAF, the Financial Accounting Standards Board and the Governmental Accounting Standards Board,” said FAF President and CEO, Teresa S. Polley.

Mr. Stewart, who will be based in Norwalk, comes to the FAF with broad communications experience. He began his career as a journalist and worked for 12 years as a reporter and Washington correspondent for the Los Angeles Times. Later he served in communications roles of increasing responsibility in the telecommunications, entertainment, and investment industries. Most recently, he was senior vice president of financial services at The Wade Group, a public affairs and communications agency located in Washington DC.

Ms. Hinchman, who leads the FAF’s Washington, D.C. office, will take on the new role of vice president, government affairs and external relations. “Grace has successfully driven our effort to build better relationships with key members of Congress and the leadership of constituent organizations,” Ms. Polley said. In her new role, Ms. Hinchman will develop and execute strategies to further strengthen FAF’s outreach to these and other stakeholders and, working with the communications team, keep them informed about the important work of the FAF, FASB, and GASB.

Ms. Hinchman began her career on Capitol Hill on the staffs of the late Senator Daniel Patrick Moynihan of New York and Congressman David Emery of Maine. She later spent nine years at Financial Executives International (FEI) and joined the FAF in 2009.


About the Financial Accounting Foundation

The Financial Accounting Foundation is the independent, private-sector organization responsible for the oversight, administration, and finances of the FASB and the GASB. The FAF is also responsible for selecting the members of the FASB and GASB and protecting the independence and integrity of the standard-setting process.