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PCAOB creates new data and risk C-level roles

The Public Company Accounting Oversight Board (PCAOB) has appointed Eric Hagopian as its first chief data officer to advance its data management strategy and improve the organisation’s approach to data management and analytics.

Prior to joining the PCAOB, Hagopian served as the director of data governance at CareFirst BlueCross BlueShield, where he was responsible for developing a data governance framework.

PCAOB chairman William Duhnke said: “In 2018, the Board began to develop a formal organisation-wide strategy related to our own use of data, which included the creation of a chief data officer. The Board is pleased to welcome Eric to the PCAOB, and we look forward to utilising his deep experience in data governance, management, and analytics to enhance the effectiveness of our oversight activities.”

The PCAOB also appointed Sue Lee as its first chief risk officer to lead the newly created Office of Enterprise Risk Management, which is tasked with implementing the PCAOB’s enterprise risk management (ERM) programme.

ERM is a framework used to identify potential events that may affect an organisation, manage the associated risks and opportunities, and provide reasonable assurance that an organisation’s mission and objectives will be achieved.

Prior to joining the PCAOB, Lee was senior vice president, general counsel, and corporate secretary of Entegris, a publicly traded chemicals and materials company. In this role, she managed the company’s legal, compliance, privacy, corporate governance, enterprise risk, and government affairs functions.

Lee has also served in various legal, compliance, and risk advisory roles at Fortune 500 companies

Duhnke said: “In connection with our strategic planning process last year, the Board undertook an organisational assessment that revealed the need to transform our approach to risk management. The Board is fortunate to have Sue’s vast experience, leadership, and expertise as we work toward achieving one of our key strategic objectives.”

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