Financial Accounting Foundation Names Maryland State Treasurer Nancy K. Kopp
to Its Board of Trustees
Norwalk, CT, November 19, 2013—The
Financial Accounting Foundation (FAF) today announced that it has appointed
Maryland State Treasurer Nancy K. Kopp to the FAF Board of Trustees, effective
January 1, 2014. 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).
"As someone who
has devoted her distinguished career to finance and budget issues, Nancy Kopp
brings to the Board of Trustees extensive experience in public finance and
accounting," said FAF Chairman Jeffrey J. Diermeier. "I am pleased to welcome
her to the Board, and look forward to the professional government perspective
she´ll add to our discussions and decisions."
First elected as Maryland
State Treasurer in February 2002, and re-elected to full four-year terms in
2003, 2007, and 2011, Treasurer Kopp is the second woman to serve in that post.
In addition to her responsibility for managing the Office of State Treasurer, as
a constitutional officer and a representative of the Maryland General Assembly
she holds positions of leadership on key state financial planning
committees.
Prior to her election as treasurer, Treasurer Kopp
represented the Bethesda, Maryland area in the Maryland House of Delegates for
27 years. As a member of the House Appropriations Committee during her tenure as
delegate, she chaired the Joint Committee on Spending Affordability, and served
on the Capital Budget Subcommittee, Subcommittee on Pensions, and Joint
Committee on Budget and Audit.
Currently, Treasurer Kopp is a member of
the National Association of State Treasurers and chairs its Legislative
Committee. She recently completed a one-year term as president of the National
Association of State Auditors, Comptrollers and Treasurers.
A graduate of
Wellesley College, Treasurer Kopp holds a master´s degree in government from the
University of Chicago. In 2012, she was inducted into the Maryland Women´s Hall
of Fame.
Treasurer Kopp´s term on the Board of Trustees extends to
December 31, 2018. She replaces retiring Trustee Cynthia P. Eisenhauer, a
government financial management consultant and former chief of staff for Iowa
Governor Tom Vilsack, whose term ends on December 31, 2013.
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.