The Financial Accounting Foundation today formally opened the search for several leadership roles.
The FAF Board of Trustees' Appointments Committee is seeking nominations for these positions, which include chair and members of the Board of Trustees, the FAF's executive director, a Financial Accounting Standards Board member, and chair of the Financial Accounting Standards Advisory Council.
FAF executive director
Current FAF executive director John Auchincloss announced in December that he will
The executive director leads a team of 45 who provide support services to the FASB and the Governmental Accounting Standards Board, including communications and public affairs, legal, IT, human resources, publishing, financial management and administration. The role supports the FAF Trustees, who ultimately oversee the FASB and GASB boards and their advisory councils. The executive director, in collaboration with the FAF chair, also sets the organization's U.S. and international outreach strategies.
A full description of the FAF executive director role can be found
FAF Board of Trustees chair
The chair of the FAF Trustees is involved in all major Trustee decisions related to strategy, appointments, oversight and governance, and in representing the organization with high-level stakeholders and regulators.
The new chair will be appointed for a three-year term beginning Jan. 1, 2026, through Dec. 31, 2028, and can stand for reappointment to a second three-year term beginning in 2029.
A full description of the FAF Board chair role can be found
FAF Board of Trustees at-large member
The FAF Board of Trustees oversees and supports FASB and GASB, and exercises general oversight of the organization except regarding technical decisions related to standard setting.
The FAF is recruiting several "at-large" trustees — individuals with business, investment, capital markets, accounting, business academia, financial, government, regulatory, investor advocate or other experience.
A full description of the FAF trustee role can be found
FASB member
FASB members develop financial reporting standards that result in useful information for investors and other financial-statement users. The FASB member roles are full time and based in Norwalk, Connecticut.
"These are senior and prestigious appointments, demanding not only a high degree of technical accounting expertise but also a high level of understanding of the global financial reporting environment," the FAF announcement reads.
The official start date for the position would be July 1, 2026, but the newly appointed member would be expected to start some time earlier than year to ensure a successful transition. The five-year term extends through June 30, 2031, at which time the member would be eligible to be considered for reappointment.
A full description of the FASB member role can be found
FASAC chair
The chair is the principal officer of the Financial Accounting Standards Advisory Council and advises FASB on projects on FASB's agenda, possible new agenda items and priorities, procedural matters that may require the attention of FASB, and other matters. The chair is responsible for guiding discussion at FASAC meetings and for implementing and directing the broad operating processes of the FASAC.
The chair may be appointed for up to a four-year term, or a shorter period of time as agreed upon, and may be eligible for reappointment.
A full description of the FASAC chair role can be found
