• Register
Return to: Home > News > FAF president and CEO resigns

FAF president and CEO resigns

The Financial Accounting Foundations (FAF) president and CEO, Teresa Polley, has announced her resignation after eleven years leading the organisation.

Polley will remain at the organisation until a leadership transition plan has been finalised. The FAF’s board of trustees has appointed vice president and general counsel John Auchincloss as acting president.

Polley joined FAF in 1987 as a technical associate for the Financial Accounting Standards Board and became president of FAF in 2008 and CEO in 2010.

FAF chairman Charles Noski said: “On behalf of the FAF trustees, I want to thank Terri for her more than three decades of hard work and service to the organisation. She has had a long history of staff and leadership roles at both the FASB and the FAF, including more than a decade as FAF’s president and CEO.

“During that time, Terri has led key internal initiatives, including major upgrades to FAF’s technology infrastructure, and has played a vital role in such matters as FAF’s strategic planning efforts (in collaboration with the FASB and the GASB), its appointment of talented leaders to serve as FAF trustees and standard-setting board members, and communications with governmental and other stakeholders. We extend our best wishes to Terri for her next chapter.”

Polley said: “It has been a privilege to work for a mission-driven organisation filled with exceptional people who get to do something extraordinary as their life's work: set accounting standards that help make the capital markets function efficiently and effectively.”

Top Content

    HONG KONG NATIONALS: UNDERSTANDING VISA AND TAX WHEN MOVING TO THE UK

    Over 2 million Hong Kongers learned recently that they may soon be offered a route to UK citizenship following China’s introduction at the end of June of its controversial Security Law in the territory.

    read more

    SASB IMPLEMENTATION SERIES: COMMUNICATING ESG TO MAINSTREAM INVESTORS

    As part of a series of webinars, the Sustainability Accounting Standards Board (SASB) took a closer look at how to communicate ESG initiatives and progress to mainstream investors

    read more

    REPORTING AND COMPLIANCE: WHY WE NEED A DATA REVOLUTION

    Commerce no longer adheres to national boundaries: the largest international organisations to the smallest businesses operate in a global market. However, rules for corporate reporting and compliance do adhere to borders, write IMA’s Jeff Thomson and Liv A Watson

    read more

    CORONAVIRUS TIMELINE: REACTIONS FROM THE ACCOUNTANCY PROFESSION

    As the Coronavirus (COVID-19) continues to spread across the world, the International Accounting Bulletin and The Accountant will be collating all the latest news and updates from the profession on the pandemic’s impact.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.