The Trustees of the IFRS Foundation have appointed Andreas Barckow to serve as chair of the International Accounting Standards Board (IASB). Effective July 2021. Barckow will succeed Hans Hoogervorst, who completes his second five-year term in June 2021.

Since 2015, Barckow has served as president of the Accounting Standards Committee o Germany. His contributions at both have helped shape the development and future direction of IFRS Standards around the world.

Barckow's appointment follows an extensive international search process, supported by a global executive search firm. The Trustees sought nominations from around 500 stakeholder organisations and considered more than 200 candidates from 29 countries before compiling a reduced list of 63 possible candidates from 21 countries.

Chair of the IFRS Foundation Trustees Erkki Liikanen said: “We are delighted to announce the appointment of Andreas Barckow as IASB Chair. His skills and experience will be invaluable to the IASB as it begins the next stage in its evolution as a global accounting standard-setter. The Trustees would like to express our profound thanks to Hans Hoogervorst, who during his tenure has provided such strong leadership to the IASB and overseen the delivery and worldwide adoption of major enhancements to IFRS Standards.”

Commenting on his appointment, Barckow said: “I am deeply honoured to be appointed as the next IASB Chair, to lead the standard-setter into its third decade. I look forward to working with my colleagues on the Board and the staff to meet the exciting challenges ahead.”