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December 19, 2010

IFRS chair Padoa-Schioppa dies

IFRS trustees chair Tommaso Padoa-Schioppa, 70, passed away on Saturday 18 December following a heart attack.

Earlier this year he was appointed chairman of the board of trustees of the International Accounting Standards Committee Foundation, recently renamed International Financial Reporting Standards Foundation (IFRS).   Tommaso Padoa-Schioppa

Padoa-Schioppa was widely considered to be one of the architects of the Euro. He was also a member of the European Central Bank’s first executive board and Italy’s former economic minister.

IASB chairman David Tweedie said Padoa-Tommaso possessed a rare combination of intellect and vision, delivered with a wry smile.

“He was a friend and colleague and will be missed by many, many people. I am greatly saddened by this news,” Tweedie said.

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