News Release 12-10-09
NEWS RELEASE 12/10/09
Financial Accounting Foundation Appoints New Members to the Financial Accounting Standards Advisory Council
Appointments include four new members from the investor community
Norwalk, CT, December 10, 2009—The Board of Trustees of the Financial Accounting Foundation (FAF) have announced the appointment of ten new members to the Financial Accounting Standards Advisory Council (FASAC) effective January 1, 2010. The FASAC is responsible for advising the Financial Accounting Standards Board (FASB) on technical issues, project priorities, and other matters that affect standard-setting.
The following new members will begin their term on the FASAC effective January 1, 2010:
User (Investor) Community
- Neri Bukspan, Chief Quality Officer & Chief Accountant, Standard & Poor’s
- Jeremy Perler, Co-head, CFRA Accounting Research, RiskMetrics
- Allen Puwalski, Senior Vice President, Paulson & Company
- Richard Ramsden, Managing Director, Goldman Sachs & Co.
- John C. Gerspach, Chief Financial Officer, Citigroup Inc.
- Ann Marie Petach, Managing Director and CFO, BlackRock, Inc.
- John (Arch) Archambault, National Managing Partner of Professional Standards, Grant Thornton LLP
- Kenneth D. Marshall, Partner, Americas IFRS Markets Leader, Ernst & Young, LLP
- Kathy Petroni, Deloitte/Michael Licata Professor of Accounting, Michigan State University
- Marie N. Hollein, President and Chief Executive Officer, Financial Executives International
“These appointments further demonstrate the FAF’s commitment to ensuring that all stakeholders are appropriately heard in the standard-setting process,” added FAF President Terri Polley. “FASAC members provide important input into this process, and we are confident that our new appointees will provide valuable insights and guidance to the Board as it continues its mission to develop standards that bring greater transparency to financial reporting.”
About the Financial Accounting Foundation
The FAF is responsible for the oversight, administration, and finances of both the Financial Accounting Standards Board and its counterpart for state and local government, the Governmental Accounting Standards Board. The FAF also is responsible for selecting the members of both Boards and their respective Advisory Councils.