June 16, 2024

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FAF Trustees Appoint Frederick L. Cannon and Reappoint Christine A. Botosan to the Economic Accounting Criteria Board

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NORWALK, Conn.–(Business WIRE)–The Board of Trustees of the Monetary Accounting Foundation (FAF) these days declared the appointment of Frederick (Fred) L. Cannon and the reappointment of Christine A. Botosan to the Money Accounting Requirements Board (FASB). Mr. Cannon at the moment serves as Director of Exploration and Main Equity Strategist for Keefe, Bruyette & Woods, Inc., a subsidiary of Stifel Economic (NYSE: SF). His expression is successful July 1, 2021 and operates right until June 30, 2026. Ms. Botosan was appointed to her initial expression on July 1, 2016 and will conclude her assistance on June 30, 2026.

“On behalf of the FAF Board of Trustees, I am delighted that Mr. Cannon will be signing up for the FASB. He is an achieved economist with a deep comprehending of money companies and has a potent user point of view,” reported Kathleen L. Casey, chair of the FAF Board of Trustees. “I also congratulate Ms. Botosan on her reappointment. As an award-winning professor and researcher, Ms. Botosan provides a must have context to the regular-environment method.”

Mr. Cannon, who will stay in his present position at Keefe, Bruyette & Woods into early 2021, has virtually 40 decades of encounter in assorted roles with a robust aim on investigation, equity tactic, investor relations, and company communications. He began his vocation with Bank of The us Company, steadily growing to positions of elevated duty. In 1998, he joined Golden State Bancorp as Government Vice President and Director of Investor Relations and Corporate Communications.

He joined Keefe, Bruyette & Woods in 2003 as Vice President, was then promoted to Senior Vice President and Controlling Director, and later recognized his present positions. Typically quoted in the financial press, Mr. Cannon is also a regular guest on CNBC, Bloomberg Tv, as effectively as other national radio and broadcast tv outlets.

Mr. Cannon retains a Grasp of Science, Agricultural Economics, from Cornell College and is a Chartered Monetary Analyst (CFA). Mr. Cannon is at the moment a member of the CFA Institute and a member of the FASB Changeover Resource Group for Credit rating Losses.

Mr. Cannon will thrive R. Harold “Hal” Schroeder whose second and final expression on the FASB ends June 30, 2021.

About the Financial Accounting Foundation

Established in 1972, the Money Accounting Basis (FAF) is the unbiased, non-public-sector, not-for-earnings corporation based in Norwalk, Connecticut dependable for the oversight, administration, financing, and appointment of the Economic Accounting Specifications Board (FASB) and the Governmental Accounting Benchmarks Board (GASB). The FASB and GASB create and enhance money accounting and reporting standards—known as Frequently Approved Accounting Rules, or GAAP—for general public and private providers, not-for-income organizations, and point out and nearby governments in the United States. For far more facts, take a look at www.accountingfoundation.org.

About the Financial Accounting Standards Board (FASB)

Founded in 1973, the FASB is the unbiased, private-sector corporation, based in Norwalk, Connecticut, that establishes monetary accounting and reporting criteria for general public and private corporations and not-for-income businesses that comply with Normally Accepted Accounting Rules (GAAP). The FASB is regarded by the Securities and Exchange Fee as the designated accounting common setter for public providers. FASB standards are acknowledged as authoritative by a lot of other companies, including point out Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and troubles money accounting specifications by means of a clear and inclusive process supposed to encourage fiscal reporting that delivers beneficial information and facts to buyers and other individuals who use money studies. The Economic Accounting Basis (FAF) supports and oversees the FASB. For additional information and facts, check out www.fasb.org.

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