FEI, Others Offer Condolences On Sudden Passing Of IFRS Foundation Chair, Tommaso Padoa-Schioppa

Tommaso Padoa-Schioppa, Chairman of the IFRS Foundation Board of Trustees, passed away suddenly on Saturday, December 18.

As reported in the New York Times in an article by Eric Sylvers yesterday:

Padoa-Schioppa, an economist and former Italian finance minister who was one of the driving forces behind the creation of the European Union’s single currency died Saturday in Rome. He was 70. Franco Bruni, a friend and professor of international monetary economics at Bocconi University here, said Mr. Padoa-Schioppa died from a heart attack suffered during a dinner he had organized for 100 friends

The IFRS Foundation Trustees issued this statement on December 19 regarding Padoa-Schioppa's sudden passing, including remarks of IFRS Foundation vice-chairmen Tsuguoki (Aki) Fujinuma and Robert Glauber, IASB Chairman Sir David Tweedie, and IFRS Foundation COO Tom Seidenstein. Among others offering their condolences were the Monitoring Board of the IFRS Foundation, the Financial Accounting Foundation (which oversees the FASB), and Financial Executives International (FEI).

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