News Release 10/24/19
Financial Accounting Foundation Opens Search for New Executive Director
Norwalk, CT—October 24, 2019—The Trustees of the Financial Accounting Foundation (FAF) today announced they have opened the search for a new Executive Director to lead the FAF staff and collaborate with the members and staff of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).
The FAF Executive Director leads a team of about 45 professionals who provide critical support services to the FASB and the GASB. These services include communications and public affairs, legal, IT, human resources, publishing, financial management, and administration.
The FAF Executive Director and staff also support the work of the FAF Trustees, who are ultimately responsible for the oversight, administration, financing, and appointment of the FASB, the GASB, and their advisory councils.
In collaboration with the FAF Chair, the Executive Director sets the organization’s outreach strategy to ensure the proactive, coordinated building and nurturing of relationships with a multitude of key stakeholders throughout the United States and internationally.
Individuals interested in nominating themselves or others for this role are invited to apply through the FAF website, where they can find a detailed position specification. The deadline for nominations is Friday, November 29, 2019.
“The FAF Executive Director plays a vital role in the effective functioning of the standard-setting operation,” said FAF Chairman Charles H. Noski. “The FAF team is responsible for a number of important initiatives that directly affect how the Boards connect with their stakeholders.”
Among the traits that the FAF Trustees are seeking in the next FAF Executive Director are:
- Strong leader and administrator
- Ability to work effectively across a variety of stakeholder groups
- Demonstrated experience running effective teams and implementing large-scale initiatives on a limited budget
- Proven expertise in building a positive workplace culture.
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.