FAF Appoints Two New Private Company Council Members

Norwalk, CT—December 3, 2020—The Board of Trustees of the Financial Accounting Foundation (FAF) today appointed two new members of the Private Company Council (PCC) to three-year terms that begin on January 1, 2021.

New members appointed to the Council were:

• Robert R. Messer (user), Senior Executive Vice President, Chief Financial Officer- Chief Risk Officer, American National Bank of Texas
• Douglas J. Uhl (preparer)Principal Team Leader, Corporate Accounting Policy, Chick-fil-A, Inc.

Mr. Messer and Mr. Uhl will replace current PCC members Dev Strischek (user), retired Senior Vice President and Senior Credit policy Officer, Corporate Risk management at SunTrust Banks, Inc. and Frank Tarallo (preparer), Chief Executive Officer at Theragenics Corporation, respectively.

Following completion of their initial three-year terms, Mr. Messer and Mr. Uhl will be eligible for reappointment to an additional term of three years.

“On behalf of the FAF, I am pleased to welcome our newest PCC members,” said FAF Trustee Diane M. Rubin, who formally chaired the Trustees’ Private Company Review Committee. “Both of these new appointees bring extensive experience and a thorough understanding of issues that affect private companies, which will provide valuable perspectives to the PCC and the FASB.

“We also thank the departing PCC members—Dev and Frank, for their commitment to helping improve financial accounting and reporting for private companies,” Rubin added.

FASB Chair Richard R. Jones said, “The FASB welcomes the appointments of Robert Messer and Douglas Uhl to the PCC. We look forward to working with them as they advise the Board on matters of importance to users, preparers, and auditors of private company financial statements.”