John Auchincloss, who was serving as acting president of the Financial Accounting Foundation during a national search for an executive director, has been appointed the foundation’s executive director.
Auchincloss joined FAF as vice president and general counsel in May 2016. He was named acting president last year following the departure of then-president Terri Polley.
Before he came to FAF, Auchincloss was general counsel and secretary for Commonfund, a private, not-for-profit asset management firm. He also has served as an assistant U.S. attorney in the Southern District of New York.
“John has long impressed the FAF trustees with his intelligence, thoughtful strategic counsel, and commitment to the FASB and the GASB and their important mission,” FAF Chair Kathleen Casey said in a news release.
FAF is responsible for oversight, administration, financing, and appointment of FASB and GASB.
“The standard-setting boards have a unique role serving investors and other stakeholders across our capital markets,” Auchincloss said. “The entire FAF organization is committed to supporting the integrity of the independent standard-setting process and ensuring boards have what they need to succeed.”
— Ken Tysiac (Kenneth.Tysiac@aicpa-cima.com) is the JofA’s editorial director.