The Financial Accounting Foundation has elected John Brennan as the new chairman and a member of its board of trustees. The FAF is the independent, private-sector organization responsible for the oversight of the Financial Accounting Standards Board and the Governmental Accounting Standards Board.
Brennan succeeds outgoing FAF Chairman, Robert Denham, a senior partner at the law firm of Munger, Tolles & Olson LLP, who has served as chairman since 2004 and as a member of the FAF Board of Trustees since 2003.
