What is the story about?
What's Happening?
The Financial Accounting Foundation (FAF) has appointed Dalia Blass as its new board chair and Erin Hill as the new executive director. Blass will begin her three-year term as chair on January 1, 2026, succeeding Edward Bernard. She is currently a senior investment management partner at Sullivan & Cromwell. Hill will join the FAF on October 1, 2025, succeeding John Auchincloss. Hill has over 30 years of experience on Wall Street, most recently serving as chief administrative officer at BNY Mellon. The FAF oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board.
Why It's Important?
The appointment of Dalia Blass and Erin Hill to leadership positions at the FAF is crucial for the organization's governance and strategic direction. Blass's experience in investment management and regulatory matters will guide the FAF in overseeing accounting standards that impact financial reporting and compliance. Hill's extensive background in banking and wealth management will contribute to the FAF's operational efficiency and stakeholder engagement. These leadership changes are expected to influence the development of accounting standards that affect businesses, investors, and government entities.
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