News Release 11/16/21
Financial Accounting Foundation Names Four New Members to the Board of Trustees
Norwalk, CT—November 16, 2021—The Financial Accounting Foundation (FAF) Board of Trustees today announced the appointment of new Trustees Manju Ganeriwala, Edward (Ted) J. Goldthorpe, W. Bryan Lewis, and Diane C. Nordin. All four begin their term of service on January 1, 2022 and conclude on December 31, 2026.
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 Manju, Ted, Bryan, and Diane as its newest Board members,” said FAF Chair Kathleen L. Casey. “Their extensive and diverse financial backgrounds along with a wide range of experience and skill sets will continue to support the Foundation’s work to oversee and advance the standard-setting missions of the FASB and GASB.”
The new appointees will fill vacancies left by retiring members Susan J. Carter, Anthony J. Dowd, and T. Eloise Foster whose terms conclude on December 31, 2021. The fourth vacancy dates to February 2021 when FAF Trustee David C. Villa passed away.
“On behalf of the FAF, I want to express our appreciation of the valuable contributions, leadership, and service of our retiring Trustees. They have all played important roles in helping the FAF meet its many responsibilities over the past five years,” added Ms. Casey.
Below are brief biographical sketches of the appointees:
Manju Ganeriwala is the treasurer of the Commonwealth of Virginia. Ms. Ganeriwala was first appointed treasurer in 2009 and was subsequently reappointed by governors from both major political parties. In her role, she oversees the investment of public funds, issuance of bonds to finance infrastructure needs, management of state debt, provision of banking services to state agencies, and administration of the state’s insurance and unclaimed property programs. Additionally, she serves as chair of the Virginia Treasury Board and is a member of several other state boards including Housing, Port Authority, Resources Authority and College Savings Plans. Prior to her appointment as treasurer, she served as deputy secretary of finance for Virginia and held roles in the private sector for the East Ohio Gas Company. Ms. Ganeriwala holds a Bachelor of Commerce degree from the University of Bombay and a Master of Business Administration from the University of Texas at Austin. She has received numerous professional awards including, the 2009 YWCA’s Outstanding Woman Award in Government and was a 2013 Toll Fellow. She formally served on the Municipal Securities Rulemaking Board and held the vice chair position in fiscal year 2020.
Edward (Ted) J. Goldthorpe is partner and head of BCP Credit, part of BC Partners, Inc. He additionally serves as chairman and chief executive officer of Portman Ridge Finance Corporation (NASDAQ: PTMN), and as chairman and chief executive officer of Mount Logan Capital, Inc. (NEO: MLC). He concurrently holds positions on several corporate and nonprofit boards. These include Anthem Entertainment, Crescent Point Energy Corporation, KITS Eyecare Ltd., Logan Ridge Finance Corporation and Mount Logan Capital, Inc., Capitalize for Kids, the Canadian Olympic Foundation, and Her Justice, Inc. He has over 22 years of experience leading both U.S. and internationally based organizations, having started his career at Goldman Sachs & Company after earning a Bachelor of Commerce degree from Queen’s University in Kingston, Ontario in Canada.
Bryan Lewis is the vice president and chief investment officer for United States Steel Corporation (NYSE: X). He has over 20 years’ experience in both the private and public sectors. Prior to his current role, Mr. Lewis held financial oversight positions, which involved the oversight of public pension plans for the states of North Carolina, Illinois, and Pennsylvania. Mr. Lewis presently serves on several nonprofit boards, including AIF/National Institute of Public Finance, The Robert Toigo Foundation, the University of Miami Alumni Association, and the Virginia Retirement System - Investment Advisory Committee. He earned a Bachelor’s degree in Agricultural and Resource Economics from the University of Maryland and a Master of Business Administration, Investments from the University of Miami Herbert Business School.
Diane C. Nordin is the former partner and director, fixed income for Wellington Management Company LLP. Currently, Ms. Nordin serves on several corporate and nonprofit boards. She is director and chair of the compensation committee for Antares Capital LP; vice chair of the board, chair of the compensation committee, and member of the audit and risk committees for Fannie Mae; and a member of the audit committees and finance committees for the Principal Financial Group, Inc. In addition, she plays an active role as a governor and past chair for CFA Institute and a board member for Martha’s Vineyard Community Services. Her past community board service includes the Appalachian Mountain Club, Massachusetts College of Art and Design Foundation, and Wheaton College, where she served as a trustee. Ms. Nordin is a chartered financial analyst, completed the fellow program, Advanced Leadership Initiative at Harvard University, and earned a degree in biology from Wheaton College in Massachusetts.
A complete list of the Board of Trustee members can be found at www.accountingfoundation.org/trustees.
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.