Russell Golden named to US Financial Accounting Standards Board

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17 Sep 2010

The Board of Trustees of the United States Financial Accounting Foundation (FAF) has announced the appointment of Russell G. Golden to the Financial Accounting Standards Board (FASB), effective 1 October 2010.

Mr. Golden's initial term will expire 30 June 2012, as he will be serving the remainder of the term vacated by Chairman Herz, who is stepping down as of 1 October. The press release notes the following in regards to the two remaining open positions on the FASB:

As announced by the FAF Trustees on August 24, 2010, the FASB will return to a seven-member structure. The Board of Trustees is engaged in processes to recruit and evaluate candidates for the two additional seats and to evaluate candidates for appointment as FASB Chairman. FASB member Leslie F. Seidman will assume the role of Acting Chairman as of October 1, 2010, as previously announced.

Click here to go to the FAF press release (link to the FAF website).

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