The US Securities and Exchange Commission (SEC) has named a new leadership line-up for the Public Company Accounting Oversight Board (PCAOB), the body that supervises audits of listed companies and broker-dealers.

Demetrios Logothetis has been selected to chair the PCAOB. His term is scheduled to run until 24 October 2030.

Logothetis serves on the board of the Republic Bank of Chicago, where he leads the audit committee.

Alongside the new chair, three additional members have been appointed: Mark Calabria, Kyle Hauptman and Steven Laughton.

Calabria has been named a board member, with a term ending on 24 October 2027. He currently serves as an associate director and chief statistician at the US Office of Management and Budget.

Hauptman has been appointed for a term running through 24 October 2029. He is presently the chairman of the National Credit Union Administration.

Laughton, currently board counsel to PCAOB board member Christina Ho, will serve on the PCAOB board until 24 October 2026.

The SEC noted that current board member George Botic will remain on the board. He will continue as acting chairman until Logothetis formally assumes the role.

SEC chairman Paul Atkins said: “I am confident that this new Board will usher in a new day at the PCAOB – one of sensible, efficient oversight of auditors.

“The newly appointed Chairman and Board members have already demonstrated a profound commitment to protecting investors and responsible use of such funds by accepting compensation much more in line with the ethos of public service.

“I look forward to working with this Board as it refocuses on the PCAOB’s core statutory mission – protecting investors and furthering the public interest in the preparation of informative, accurate and independent audit reports.”