John W. Auchincloss was appointed Executive Director of the Financial Accounting Foundation (FAF) in February 2020. Before he was named acting president in May 2019, Mr. Auchincloss served three years as FAF vice president, general counsel, and assistant secretary. In that role, he was responsible for the FAF’s legal and compliance functions and provided strategic legal advice and guidance to the FAF, the Financial Accounting Standards Board (FASB), and the Governmental Accounting Standards Board (GASB).
Mr. Auchincloss has deep experience with nonprofit governance, tax, and regulatory issues. Prior to joining the FAF, he served as general counsel and secretary for Commonfund, a private, nonprofit asset management firm.
Matthew J. Broder was appointed vice president, communications by the Financial Accounting Foundation (FAF) in June 2016. In this role, Mr. Broder has overall responsibility for FAF, FASB, and GASB communication activities—including executive, internal, social, and web-based communications.
Mr. Broder brings extensive communications experience to the FAF. Prior to joining the FAF, he served as vice president, Corporate Communications for Daymon Worldwide, a global leader in consumables retailing. There, Mr. Broder was responsible for all internal, external, and digital communications for the private-branding firm’s U.S. operations.
Lou Costantino, Jr. was named Financial Accounting Foundation (FAF) vice president, government affairs and external relations, in September 2022. In this role, he leads the FAF’s Washington, DC, office following a three-decade long career advocating for different financial services organizations and companies.
Mr. Costantino’s early career experiences were at the Securities Industry and Financial Markets Association (SIFMA), where he worked in different advocacy roles from 1991–2003, when the organization was known as the Securities Industry Association. He then spent six years with Merrill Lynch as director of government relations. In 2009, Lou joined the Managed Funds Association (MFA) where he rose to his final role there as executive vice president and managing director, government relations.
Mary P. Crotty was appointed Chief Operating Officer of the Financial Accounting Foundation in November 2014. In this role, Ms. Crotty manages the Foundation’s business operations, including technology, finance, publications, and other key business activities. She brings to her role an extensive background in corporate operations and governance.
Ms. Crotty joined the FAF team from Bank of America, where she was a managing director and, for four years, leader of the Corporate Compliance and Regulatory Relations groups. Prior to that, she held a variety of roles, including global compliance risk chief operating officer and business support executive in Global Markets and Global Research.
Ms. Ennaco was appointed vice president, board operations & governance by the Financial Accounting Foundation (FAF) in June 2022. In this role, she will lead strategic and research initiatives in support of the priorities of the FAF’s Board of Trustees (BOT). Ms. Ennaco will develop the annual work plans for the BOT and its committees and operate as their primary project manager. In addition to her role as the liaison to the BOT, she will serve as a trusted advisor to the FAF’s executive director, leading such key actions as the organization’s strategic planning process.
With over eleven years of corporate governance experience, Ms. Ennaco brings a notable record of understanding C-suite and board level operations to this role. She is well-versed in project management, with a professional, detail-oriented approach to cross-functional collaboration.
Elizabeth Ann Garti was appointed vice president, human resources by the Financial Accounting Foundation (FAF) in April 2018. In her role, Ms. Garti will have a central part in the FAF’s efforts to attract and retain top talent to the organization, including the FASB, GASB, and FAF staff. She also will provide support to the FAF Board of Trustees as it identifies and appoints members to the FAF Board of Trustees and the standard-setting Boards. As leader of the organization’s in-house human resources team, Ms. Garti will work to deepen the organization’s efforts in recruitment, diversity, professional development, and work-life balance, among other areas.
Ms. Garti has more than 25 years of global human resources experience across the nonprofit and private sectors. She most recently served as associate vice president of human resources at Pace University.
Steven Hobbs was named vice president and general counsel by the Financial Accounting Foundation (FAF) in April 2020 and appointed assistant secretary in January 2021. He previously served as outside counsel since 2019, and succeeds John W. Auchincloss, who was appointed FAF executive director. In his role, Mr. Hobbs will conduct and oversee the primary legal duties of the general counsel’s office, including handling contracts, governance matters, managing outside counsel, and providing counsel on general legal issues facing the organization.
Mr. Hobbs brings to this work extensive experience in corporate law both as in-house counsel and at a large law firm, in addition to experience as a senior business executive. In 2004, Mr. Hobbs, joined Hearst Corporation where he held several executive roles of increasing responsibility, including chief legal and development officer of Hearst-Argyle Television, Inc., a NYSE-listed company. His responsibilities at Hearst culminated with his service as executive vice president, deputy group head and chief development officer of the Hearst Business Media division.