MORRISTOWN, N.J., Dec. 23, 2010 /PRNewswire/ -- Financial Executives International (FEI), the professional association of choice for senior-level financial executives, issued today the following statement in response to the appointment of Leslie F. Seidman as Chair of the Financial Accounting Standards Board (FASB):

"It is with great pleasure that FEI congratulates Leslie F. Seidman in her permanent appointment as Chair of the FASB. Ms. Seidman has been well regarded as a consensus builder over her several years with this important organization, bringing critical hands-on experience in standards application. We believe that Ms. Seidman has done a remarkable job since taking on the role as Acting Chair in the fall of 2010. We are confident that she is well suited to lead the rest of the Board and work with organizations such as FEI to ensure the development of high quality accounting standards during this critical time for global standard setting."

About FEI

Financial Executives International is the leading advocate for the views of corporate financial management. Its 15,000 members hold policy-making positions as chief financial officers, treasurers and controllers at companies from every major industry. FEI enhances member professional development through peer networking, career management services, conferences, teleconferences and publications. Members participate in the activities of 85 chapters, 74 in the U.S. and 11 in Canada. FEI is headquartered in Morristown, NJ, with additional offices in Washington, DC, and Toronto.

Visit www.financialexecutives.org for more information.

SOURCE Financial Executives International