The Financial Accounting Foundation (FAF) announced the appointment of five new members to its board of trustees while, at the same time, appointing one new member and reappointing one existing member to the Financial Accounting Standards Board (FASB).

The new members of the trustees board are:

* Timothy L. Christen, chairman of the board of Baker Tilly International Ltd
* Lynnette Kelly, former president and CEO of the Municipal Securities Rulemaking Board (MSRB)
* Richard N. Reisig, CEO for Anderson ZurMuehlen & Company, P.C.
* Sarah E. Smith, former chief compliance officer and chief accounting officer for Goldman Sachs Group, Inc.
* Robin L. Washington, former executive vice president and CFO for Gilead Sciences, Inc.

“Together with the Board of Trustees, I am pleased to welcome Tim, Lynnette, Rick, Sarah, and Robin,” said FAF Chair Kathleen L. Casey. “Their varied backgrounds, experience, and skill sets will ensure a continued diversity of perspective, which is critical for the FAF in directing the appropriate stewardship of the FASB and [Governmental Accounting Standards Board] in carrying out their standard-setting missions.”

The new member of the FASB is Frederick Cannon, currently the director of research and chief equity strategist for Keefe, Bruyette & Woods, Inc., a subsidiary of Stifel Financial. Reappointed was Christine Ann Botosan, who served as a professor of accounting at the David Eccles School of Business at the University of Utah.

“On behalf of the FAF Board of Trustees, I am pleased that Mr. Cannon will be joining the FASB. He is an accomplished economist with a deep understanding of financial services and has a strong user perspective,” said Casey. “I also congratulate Ms. Botosan on her reappointment. As an award-winning professor and researcher, Ms. Botosan provides invaluable context to the standard-setting process.”