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May 28, 2015 7:12 AM ET

Commercial Services and Supplies

Company Overview of Financial Accounting Foundation Inc.

Company Overview

Financial Accounting Foundation Inc. offers funding and selection services for the members of the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB). The foundation operates for charitable, educational, scientific, and literary purposes. Financial Accounting Foundation was founded in 1972 and is based in Norwalk, Connecticut.

Main Avenue 401 Merritt 7C

Norwalk, CT 06851

United States

Founded in 1972

Phone:

203-847-0700

Key Executives for Financial Accounting Foundation Inc.

Chief Executive Officer and President
Vice President and Additional Trustee
Director of Government Relations
Vice President of External Relations & Communications
Secretary, Treasurer, and Trustee
Age: 53
Compensation as of Fiscal Year 2014.

Financial Accounting Foundation Inc. Key Developments

Financial Accounting Foundation Announce Executive Changes

Financial Accounting Foundation (FAF) announced that Todd L. Cranford will become its new head of government affairs and external relations, based in Washington DC, effective June 1, 2015. In his new role, Mr. Cranford will be responsible for managing the organization's relationships with government officials and other key stakeholders, communicating the goals, priorities, and activities of the FAF, the Financial Accounting Standards Board (FASB), and the Governmental Accounting Standards Board (GASB). Mr. Cranford will assume his new responsibilities following the retirement on May 29 of Grace L. Hinchman, who currently leads the FAF's government affairs and external relations efforts. Mr. Cranford has spent most of his professional career in Washington, DC, with more than 20 years of experience in both private and public sector roles.

Financial Accounting Foundation Inc. Announces Executive Changes

NORWALK, Conn.--(BUSINESS WIRE)-- The Financial Accounting Foundation (FAF) announced that it has appointed Myra R. Drucker and John Veihmeyer to the FAF Board of Trustees, January 15, 2015 effective. Ms. Drucker currently serves as an independent director and chairs the Risk and Audit Committee of Grantham, Mayo, Van Otterloo & Co. LLC. She also serves as chair of the board of TrustedPeer Inc. Mr. Veihmeyer is Global Chairman of KPMG and Chairman and CEO of KPMG in the U.S. The terms of Ms. Drucker and Mr. Veihmeyer on the Board of Trustees extend to December 31, 2019. They replace Luis M. Viceira and Edward E. Nusbaum, whose terms ended on January 14, 2015.

Financial Accounting Foundation Inc. Appoints Seven New Members to the Financial Accounting Standards Advisory Council

Financial Accounting Foundation Inc. has appointed seven new members to the Financial Accounting Standards Advisory Council. According to a release, 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. The new members will serve a one-year term beginning January 1, 2015, and are eligible to be reappointed for three additional one-year terms. The following new FASAC members were appointed: Douglas Oare, Managing Director, BlackRock; Lee Sotos, Senior Analyst, Fidelity International; Maya McReynolds, Vice President and Chief Accounting Officer, Dell Inc.; Sean Miller, Vice President-Technical Accounting, Sony Pictures Entertainment; Gregg Nelson, Vice President-Accounting Policy & Financial Reporting, IBM Corp.; Sharon Virag, Vice President and Chief Accounting Officer, AES Corp.

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