James Kroeker to Step Down as SEC Chief Accountant Next Month

The U.S. Securities and Exchange Commission announced its second high profile resignation in less than a week today when it said that James Kroeker, its chief accountant, will leave the agency in July.

Kroeker, 42, joined the SEC in 2007 as deputy chief accountant before becoming the agency’s top accountant in 2009. During his time at the agency, Kroeker focused on a review of fair value accounting standards and sought to improve reporting of off-balance sheet assets.

“Jim has provided superb counsel on a range of accounting and auditing related matters and has always stressed the importance of accounting to our investor protection mission,” SEC Chairman Mary Schapiro said in a statement.

The SEC said Kroeker plans to return to the private sector. His departure follows a June 15 announcement that former Goldman Sachs Group Inc. (GS) executive Eileen Rominger would step down next month as head of the SEC’s investment management unit.

To contact the reporter on this story: Steven Sloan in Washington at ssloan7@bloomberg.net

To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net

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