The Financial Accounting Foundation today announced that John Auchincloss will retire from his post as executive director on Sept. 30, 2025. The search for his successor will begin immediately.
The FAF oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board. Auchincloss was
During his tenure, he supported the standard-setting mission of the FASB and GASB. He also led the FAF through the challenges of the pandemic, developing and adopting a new strategic FAF plan, modernizing its Norwalk, Connecticut offices, investing in better technology and enhancing the transparency and effectiveness of the FAF's oversight process.
"John has been a strong, accomplished leader throughout his time at the Foundation," FAF chair Edward Bernard said in a statement. "His legacy is his commitment to our mission, to the support of our standard setters, and to strategic and operational excellence. We are truly grateful for his years of service and wish him a long and fulfilling retirement."
Before joining the FAF, Auchincloss focused on nonprofit governance, tax and regulatory issues. He was general counsel and secretary for Commonfund, a private nonprofit asset management firm. Prior to that, he was an assistant U.S. attorney in the Southern District of New York. He began his career at law firm Davis Polk & Wardwell in Washington, D.C., and New York City.
"Serving in this role has been both a privilege and a personal highlight," Auchincloss said in a statement. "It has been a pleasure to collaborate with the trustees, the leaders of FASB and GASB, and my own direct reports and their teams to further the organization's important mission. The standard-setting boards have a unique role serving investors and other stakeholders across our capital markets, and I am honored to have worked alongside such outstanding professionals."
