John White, Director of the Division of Corporation Finance of the Securities and Exchange Commission, has announced that he will leave the SEC at the end of this year.

Mr. White, having joined the SEC in March 2006, led several Corporation Finance initiatives, including the SEC’s adoption of extensive changes in executive and director compensation disclosure. He has also been a prime mover in the SEC’s drive toward the adoption of extensible business reporting language and the push both for convergence of generally accepted accounting principles and international financial reporting standards (IFRS) and the ultimate adoption of IFRS by U.S. reporting companies.