The SEC named Richard Jones as the next Chair of the Financial Accounting Standards Board ("FASB"). He will succeed Russ Golden, beginning his term July 1, 2020. Most recently, Mr. Jones was the Chief Accountant and a Partner at Ernst & Young, LLP.

The SEC also named several new members to the Financial Accounting Foundation ("FAF"), including:

  • Kathleen Casey as the Chair, who since 2018 was an FAF Trustee and previously acted as a board director, audit committee member and SEC Commissioner; and
  • Bruce Herring, Micahel Rollings, Timothy Ryan, Lawrence Salva, and Shundrawn Thomas as Board of Trustees members.

FAF Chair of the Board of Trustees Chuck Noski will conclude his tenure at the end of December 2019. Mr. Noski has been the Chair of the Board of Trustees since January 2016.