After a little more than two years on the job, Public Company Accounting Oversight Board chairman William J. McDonough announced that he will resign his position Nov. 30 or when a successor is in place, whichever is sooner.
McDonough, former president of the New York Federal Reserve, was tapped by William Donaldson, then-chairman of the Securities and Exchange Commission, to head the oversight body in June 2003, shortly after its creation by the Sarbanes-Oxley Act.
