FINANCIAL ACCOUNTING FOUNDATION NAMES TODD L. CRANFORD HEAD OF GOVERNMENT
AFFAIRS AND EXTERNAL RELATIONS
Norwalk, CT—May 11,
2015—The Financial Accounting Foundation (FAF) today announced that
Todd L. Cranford will become its new head of government affairs and external
relations, based in Washington DC, effective June 1, 2015.
In his new
role, Mr. Cranford will be responsible for managing the organization’s
relationships with government officials and other key stakeholders,
communicating the goals, priorities, and activities of the FAF, the Financial
Accounting Standards Board (FASB), and the Governmental Accounting Standards
Board (GASB). Mr. Cranford will assume his new responsibilities following the
retirement on May 29 of Grace L. Hinchman, who currently leads the FAF’s
government affairs and external relations efforts.
“We are very pleased
to welcome Todd Cranford to his new role in Washington,” said FAF President and
Chief Executive Officer Teresa S. Polley. “Todd’s extensive experience in
government relations and public policy—combined with his deep understanding of
the legal and regulatory environment in which we operate—will enhance our
communication with government stakeholders about the importance of the
independent standard-setting process to the U.S. capital markets.”
Ms.
Polley praised the work of Ms. Hinchman, who joined the FAF in 2009 and led the
organization’s government affairs and external relations activities for the past
five years. “Grace took our efforts in Washington to a new level, and developed
a strong network of relationships on which we will continue to build. We are
deeply indebted to her for her tireless dedication and commitment to the FAF,
the FASB, and the GASB, and wish her the best in her retirement.”
Mr.
Cranford has spent most of his professional career in Washington, DC, with more
than 20 years of experience in both private and public sector roles. Most
recently, he was director of government relations for the Certified Financial
Planner Board of Standards, Inc., where he developed and executed comprehensive
advocacy strategies to advance the organization’s policy initiatives. Prior to
joining the CFP Board, he was of counsel at Patton Boggs LLP (now Squire Patton
Boggs), where he advised clients—including corporations, trade associations, and
coalitions—on issues related to the financial services sector, including the
Dodd-Frank Wall Street Reform and Consumer Protection Act.
Earlier, Mr.
Cranford served as senior counsel for the U.S. House of Representatives
Committee on Financial Services, where he advised former Chairman Barney Frank
(D-Massachusetts) and other committee members on legal and policy issues related
to capital markets and securities. He also served as a senior counsel in the
U.S. Securities and Exchange Commission’s Division of Enforcement, where he
investigated and instituted actions involving violations of federal securities
laws.
Mr. Cranford earned his J.D. from the Columbia University School of
Law, and a Bachelor’s Degree from Dartmouth College.
About
the Financial Accounting Foundation
Established in 1972, the
Financial Accounting Foundation (FAF) is the independent, private-sector,
not-for-profit organization based in Norwalk, Connecticut responsible for the
oversight, administration, financing, and appointment of the Financial
Accounting Standards Board (FASB) and the Governmental Accounting Standards
Board (GASB). The FASB and GASB establish and improve financial accounting and
reporting standards – known as Generally Accepted Accounting Principles, or GAAP
– for public and private companies, not-for-profit organizations, and state and
local governments in the United States. For more information, visit http://www.accountingfoundation.org/.