News Release 11/19/13

Financial Accounting Foundation Names Maryland State Treasurer Nancy K. Kopp to Its Board of Trustees

Norwalk, CT, November 19, 2013—The Financial Accounting Foundation (FAF) today announced that it has appointed Maryland State Treasurer Nancy K. Kopp to the FAF Board of Trustees, effective January 1, 2014. The FAF is the independent, private-sector organization responsible for the oversight of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).

“As someone who has devoted her distinguished career to finance and budget issues, Nancy Kopp brings to the Board of Trustees extensive experience in public finance and accounting,” said FAF Chairman Jeffrey J. Diermeier. “I am pleased to welcome her to the Board, and look forward to the professional government perspective she’ll add to our discussions and decisions.”

First elected as Maryland State Treasurer in February 2002, and re-elected to full four-year terms in 2003, 2007, and 2011, Treasurer Kopp is the second woman to serve in that post. In addition to her responsibility for managing the Office of State Treasurer, as a constitutional officer and a representative of the Maryland General Assembly she holds positions of leadership on key state financial planning committees.

Prior to her election as treasurer, Treasurer Kopp represented the Bethesda, Maryland area in the Maryland House of Delegates for 27 years. As a member of the House Appropriations Committee during her tenure as delegate, she chaired the Joint Committee on Spending Affordability, and served on the Capital Budget Subcommittee, Subcommittee on Pensions, and Joint Committee on Budget and Audit.

Currently, Treasurer Kopp is a member of the National Association of State Treasurers and chairs its Legislative Committee. She recently completed a one-year term as president of the National Association of State Auditors, Comptrollers and Treasurers.

A graduate of Wellesley College, Treasurer Kopp holds a master’s degree in government from the University of Chicago. In 2012, she was inducted into the Maryland Women’s Hall of Fame.

Treasurer Kopp’s term on the Board of Trustees extends to December 31, 2018. She replaces retiring Trustee Cynthia P. Eisenhauer, a government financial management consultant and former chief of staff for Iowa Governor Tom Vilsack, whose term ends on December 31, 2013.

About the Financial Accounting Foundation

The FAF is responsible for the oversight, administration, and finances of both the Financial Accounting Standards Board (FASB) and its counterpart for state and local government, the Governmental Accounting Standards Board (GASB). The Foundation is also responsible for selecting the members of both Boards and their respective Advisory Councils.