Seidman Appointed FASB Chairman; FEI Applauds Appointment

Earlier today, the Financial Accounting Foundation, which oversees the Financial Accounting Standards Board, named Leslie F. Seidman Chairman of the FASB. The appointment is effective immediately. Seidman had been serving as Acting Chairman of the FASB since the retirement of former FASB Chairman Bob Herz at the end of September. Read the FAF press release.

Financial Executives International issued the following statement applauding the appointment of Seidman as Chairman of the FASB:

"It is with great pleasure that FEI congratulates Leslie F. Seidman in her permanent appointment as Chair of the FASB. Ms. Seidman has been well regarded as a consensus builder over her several years with this important organization, bringing critical hands on experience in standards application. We believe that Ms. Seidman has done a remarkable job since taking on the role as Acting Chair in the fall of 2010. We are confident that she is well suited to lead the rest of the Board and work with organizations such as FEI to ensure the development of high quality accounting tandards during this critical time for global standard setting."

See FEI's press release.

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