04 July 2013
The Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), today announced the appointment of Joji Okada (Asia-Oceania) to serve as a Trustee of the IFRS Foundation. Mr Okada´s appointment will begin with immediate effect and will expire on 31 December 2015, renewable for a further three-year term.
Mr Okada serves as Chief Financial Officer, Senior Executive Managing Officer
and Representative Director of Mitsui & Company Limited, one of the largest
trading companies in Japan with 150 offices across 67 countries. His
appointment follows the retirement of Noriaki Shimazaki, who stepped down from
the Trustees in June this year.
The appointment was approved by the IFRS Foundation Monitoring Board, who also approved the reappointment of Duck-Koo Chung (Asia-Oceania), Dick Sluimers (Europe) and Antonio Zoido (Europe) to serve second terms as Trustees.
Commenting on the appointments, Robert Glauber, Chairman of the Trustees´ Nominating Committee, said:
"I am delighted to welcome Joji Okada as a Trustee of the IFRS Foundation. Joji is a highly respected member of the Japanese business community. His wealth of experience will benefit greatly our efforts to support Japan and other leading Asian economies in their transitional arrangements to IFRSs.
I would also like to place on record our thanks to Noriaki Shimazaki, who has been a tireless advocate of the IFRS Foundation and to Duck-Koo Chung, Dick Sluimers and Antonio Zoido for agreeing to serve second terms as Trustees."
Mark Byatt, Director of Communications and External Affairs, IFRS Foundation
Telephone: +44 (0)20 7246 6472
Chris Welsh, Communications Manager, IFRS Foundation
Telephone: +44 (0)20 7246 6495