Media Advisory 08/20/19

Financial Accounting Foundation Names Two and Reappoints Two to the Private Company Council

Norwalk, CT—August 20, 2019—The Board of Trustees of the Financial Accounting Foundation (FAF) today appointed Holly Nelson and Zubin Avari to the Private Company Council (PCC), each for a three-year term. The Board of Trustees also reappointed current PCC members Yan Zhang and Richard Reisig to three-year terms. All four appointments are effective on January 1, 2020.

Zubin Avari serves as a managing partner with Charter Oak Equity LP, located in Westport, CT. His first term on the PCC will conclude on December 31, 2022.

Holly Nelson is a director on the board of Silver Star Brands, Inc., of Oshkosh, WI, from which she retired as chief financial officer in April. Her first term on the PCC concludes on December 31, 2022.

Richard Reisig is a shareholder and director, attest services, at Anderson ZurMuehlen & Company, P.C., in Great Falls, MT. He began his first term on the PCC on January 1, 2017, and his second and final term will conclude on December 31, 2022.

Yan Zhang is a partner at EisnerAmper LLP in New York, NY. She joined the PCC on January 1, 2017, and her second and final term will conclude on December 31, 2022.

The Financial Accounting Standards Board (FASB) benefits greatly from the diverse perspectives found among PCC members,” said Charles H. Noski, chairman of the FAF Board of Trustees. “With these appointments and reappointments, we continue to bring outstanding talent and thoughtful points of view to the task of serving private company stakeholders well.”

“I would like to thank outgoing PCC members Beth van Bladel and David Hirsch for their three years of service on this important council,” said FASB Chairman Russell G. Golden. “David and Beth provided helpful input and brought thoughtful, informed perspectives to support the PCC’s mission and FASB’s private company stakeholders.” Hirsch and van Bladel’s terms on the PCC conclude December 31, 2019.

The PCC, which can comprise 9 to 12 members, currently consists of 11 members from financial statement user, preparer, and practitioner backgrounds. FASB member Susan M. Cosper serves as the FASB’s official liaison with the PCC and attends all PCC meetings.

More information on the PCC can be found on its website.