The Financial Accounting Foundation (FAF) Board of Trustees has confirmed the reappointment of Frederick Cannon to the Financial Accounting Standards Board (FASB).

Cannon’s initial five-year term began on 1 July 2021, and his new term will start on 1 July 2026, lasting until 30 June 2031.

FAF chair Edward Bernard said: “On behalf of the FAF Board of Trustees, I am pleased that Fred will continue to serve the FASB for a second term.

“An accomplished economist and financial analyst, Fred is well-versed in areas such as equity strategy, investor relations, and corporate communications,”

“His focus and meticulous approach have made him an important contributor to the Board.”

Cannon has held the position of executive vice-president and global director of research at Keefe, Bruyette & Woods, a Stifel Company, where he oversaw global equity research and served on the board of directors for the KBW broker/dealer.

FASB chair Richard Jones said: “Over the past five years, Fred has brought to our discussions keen insights drawn from his experience as a former investment professional.

“His ability to understand and incorporate diverse views as part of our standard-setting process exemplify his commitment to our mission and I am very pleased he has accepted a second term on the Board.”

Established in 1973, FASB is an independent organisation, which is responsible for setting financial accounting and reporting standards for public and private companies, as well as not-for-profit entities.

Additionally, the FAF Board of Trustees has appointed Dalia Blass as the new chair of the Board and Erin Hill as the executive director of the foundation.

Blass will begin her three-year term as chair on 1 January 2026, with the option for a second three-year term starting on 1 January 2029. She will replace Edward Bernard, the current chair, whose term concludes on 31 December 2025.