The Board of Trustees of the Financial Accounting Foundation (FAF) has appointed five new members to the Financial Accounting Standards Advisory Council (FASAC).
The FASAC is responsible for advising the Financial Accounting Standards Board (FASB) on strategic issues, project priorities, and other matters that affect accounting standard setting. FASAC members are selected from a cross-section of FASB stakeholders, including users, preparers, practitioners, academics, association members, audit committee members, and others interested in the integrity of full and complete financial reporting and disclosures.
The new members are:
Financial Statement User (Investor) Community
Louis Zahorak, Investment Director, Head of Credit Research—Global Fixed Income, CalPERS
Susan Callahan, Director, Americas Accounting and Global Accounting Policy, Ford Motor Company (public company)
Richard Forrestel, Treasurer, Cold Spring Construction Company (private company)
Bob Mims, Controller/Director of Investments, Ducks Unlimited Inc. (not-for-profit organization)
Thomas White, Partner and General Counsel, WilmerHale
Four FASAC members will complete their terms on Dec. 31, 2016: Linda Griggs, Michael Homan, Marsha Hunt, and Catherine Mickle. The five new FASAC members will serve a one-year term beginning Jan. 1, 2017 and are eligible to be reappointed for three additional one-year terms.