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FASB Chair Robert Herz To Retire, FASB Increases Size From Five To Seven

[print version]

FASB Chair Robert Herz to Retire, FASB Increases Size From Five to Seven

On Aug. 24, the Financial Accounting Standards Board announced in a press release that its chairman, Robert H. Herz, would retire, effective Oct. 1. In the meantime, Leslie Seidman has been appointed acting chairman, effective Oct. 1.

It also announced it was increasing the board's size from the current five to seven members, the number it was from its inception in 1973 until 2008.

Read the full press release from FASB's Web site here.

[print version] *



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