Kimberley R. Petrone is chief of staff of the Financial Accounting Foundation (FAF). Appointed to this role in October 2014, Ms. Petrone assists the FAF executive director in the planning and coordination of various administrative, oversight, and strategic activities. She also assists the FAF Board of Trustees in its oversight of the post-implementation review (PIR) process.
Previously, Ms. Petrone was director of the FAF PIR team. She was appointed to that position in January 2013, three years after joining the team as a senior project manager. As a PIR project manager, she led FAF reviews of FASB Statement 131 on segment reporting and FASB Interpretation 48 on accounting for income tax uncertainties.
From 1989 to 2010, Ms. Petrone was a member of the FASB staff. Her most recent role with the FASB was as a senior project manager leading the FASB/International Accounting Standards Board joint project on financial statement presentation.
While on the FASB staff, Kim held a variety of roles, including a 3½ year rotation as director of planning, development and support activities beginning in April 2002. As a staff director, she managed the various administrative functions that support the technical activities of the FASB, including strategic and project planning, staff development, and operating policies and procedures.
Prior to her role as a staff director, Kim was a project manager on the FASB’s business combinations project from 1997 through issuance of Statements 141 and 142 in July 2001. She was involved in a number of other projects while at the FASB, including earnings per share and accounting for postretirement benefits other than pensions.
Before joining the FASB staff, Ms. Petrone was a corporate accounting and financial reporting manager with Savin Corporation. Prior to Savin, she was an accounting and tax reporting supervisor with AMAX Inc.
Ms. Petrone earned a B.S. degree in accounting from the University of Bridgeport and an M.B.A. degree from the University of Connecticut.