The Securities and Exchange Commission announced that Mark Kronforst, Chief Accountant of the SEC’s Division of Corporation Finance, plans to leave the SEC in early January, after 13 years of public service with the investor protection agency.
Kronforst has served as Chief Accountant since October 2013. He leads the Division’s Office of Chief Accountant in providing technical accounting and reporting support to the Division’s disclosure review program and oversees the Division’s administration of the Commission’s reporting rules for public companies’ disclosure of financial information to investors. He also serves in a leading role in the Division’s ongoing efforts to make disclosure more effective for investors and encourage capital formation.
Upon Kronforst’s departure, Kyle Moffatt, Associate Director in Disclosure Operations, will become the Division’s acting Chief Accountant. Prior to his role as Associate Director, Moffatt served in several other Division positions, including Associate Director of the Disclosure Standards Office and as Associate Chief Accountant in the Division’s Office of Chief Accountant.
Moffatt joined the SEC’s Division of Corporation Finance in 2000 as a professional accounting fellow. Before that, he was an audit manager with Ernst & Young.