NEWS RELEASE 11/16/11
Financial Accounting Foundation Appoints Three New Members to Its Board of
Trustees
Norwalk, CT, November 16, 2011—The Financial
Accounting Foundation (FAF) today announced that Paul G. Camell, W. Daniel
Ebersole, and Michelle R. Seitz have been appointed to the FAF Board of
Trustees. The FAF is the independent, private-sector organization responsible
for the oversight of the Financial Accounting Standards Board (FASB) and the
Governmental Accounting Standards Board (GASB).
"The FAF Board of
Trustees is proud to welcome its newest Board members Paul, Dan, and Michelle,"
said FAF Chairman John J. Brennan. "Their wide-ranging experience and extensive
financial backgrounds will add significant value to the Trustees as we work to
support the FASB and GASB´s mission of independent and open standard
setting."
Paul G. Camell, MBA, is executive vice president of mergers
& acquisitions and chief administrative officer for CDM, a global
consulting, engineering, construction, and operations firm. Mr. Camell
previously served as the firm´s chief financial officer and senior vice
president of finance.
Dan Ebersole served as the state treasurer for the
state of Georgia from 1997 to 2010, and was responsible for investing more than
$14 billion of state and local government funds and administering two local
government investment pools. Mr. Ebersole has more than 30 years of experience
in both the executive and legislative branches of Georgia state government and
served as a member of the Governmental Accounting Standards Advisory Council
(GASAC) from 2003 to 2010. He was chairman of the group from 2008 until
2010.
Michelle R. Seitz, CFA, is a member of the Executive Committee of
William Blair & Company, L.L.C. Ms. Seitz has more than 24 years of
investment experience and leads William Blair Investment Management, consisting
of the institutional, mutual fund, and private wealth management
businesses.
All three Trustees will serve a five-year term that begins
January 1, 2012.
About the Financial Accounting Foundation
The FAF is responsible for the oversight, administration, and
finances of both the Financial Accounting Standards Board (FASB) and its
counterpart for state and local government, the Governmental Accounting
Standards Board (GASB). The Foundation is also responsible for selecting the
members of both Boards and their respective Advisory
Councils.