The Financial Accounting Foundation board of trustees announced the appointment of new members to the Financial Accounting Standards Advisory Council (FASAC).

The FAF Trustees also reappointed 21 FASAC members for additional one-year terms.

The new FASAC members will serve a one-year term beginning January 1, 2020 and are eligible to be reappointed for three additional one-year terms. The new appointees are:

• Lara Abrash, chairman and CEO, Deloitte & Touche
• Paul Beswick, partner, Assurance Services (National Office), EY
• Ted Christensen, director and Terry Distinguished Chair of Business – J.M. Tull School of Accounting, University of Georgia
• Robert Fox, national managing partner of Professional Standards, Grant Thornton
• Katherine Gill-Charest, senior vice president, Controller, Viacom
• Howard Guild, chief accounting officer, Schlumberger Limited
• Ginger Jones, board member – Audit Committee, Tronox Ltd., Libbey’s
• Lucas Klein, director of Research, Fidelity Worldwide Investment
• Lisa Koonce, Deloitte & Touche Endowed Chair in Accounting, University of Texas at Austin
• Andrew Skatoff, senior member, Investment Team, Belfer Management
• Greg Wachsman, vice president, Equity Research Analyst, VOYA Investment Management.

“I am pleased to welcome our new FASAC members and know they will play an important role in helping the FASB improve financial reporting for all our stakeholders,” said Charles H. Noski, chairman of the FAF board of trustees. “I would also like to thank the departing members for their expertise, commitment and input to the standard-setting process.”

Eleven FASAC members will retire on December 31, 2019: Kimber Bascom, Stuart Birdt, Marie Gallagher, Sydney Garmong, Sameer Gokhale, Jeffrey Hales, Mark LaMonte, Cathy Shakespeare, David Sullivan, Ted Timmermans, and Randall Woods; as well as the FASAC Chairman Andrew G. McMaster, Jr.

The FASAC advises the Financial Accounting Standards (FASB) on strategic and technical issues, project priorities and other matters that affect standard setting. The FASAC provides the FASB with diverse perspectives from individuals with varied business and professional backgrounds.