NEWS RELEASE 09/21/05
The Financial Accounting Foundation Appoints Rick Anderson to FAF Board of Trustees and Announces Additional Reappointments
Robert E. Denham Reappointed Chairman of FAF
Norwalk, CT, September 21, 2005—The Financial Accounting Foundation (FAF) today announced that Rick Anderson, Chairman of Moss Adams LLP, has been appointed to the FAF Board of Trustees. Mr. Anderson replaces Judith O' Dell, President of O'Dell Valuation Consulting LLC., whose term recently expired.
The Financial Accounting Foundation (FAF) is responsible for the oversight, administration and finances of both the Financial Accounting Standards Board (FASB) and its counterpart for state and local government, the Governmental Accounting Standards Board (GASB).
Moss Adams LLP is the 11th largest accounting and consulting firm in the U.S. and the largest firm headquartered on the West Coast.
Rick Anderson
Rick Anderson has been with Moss Adams since 1973, spending his career in the firm's Seattle and Yakima, Washington offices and providing audit and consulting services to manufacturing, agricultural and food processing entities. Named Chairman of Moss Adams in June of 2004, Rick has remained actively involved in strategic planning activities with clients and specializes in acquisition, expansion and divestiture analysis.
He has served on several American Institute of Certified Public Accountant (AICPA) task forces and is currently serving a three-year term on the AICPA Council.
Additional Reappointments
Also today, the FAF announced the reappointments of several Trustees to new three year terms, including that of Robert E. Denham, Partner in the Los Angeles-based law firm of Munger, Tolles & Olson LLP, as Chairman of the Foundation.
An attorney and former investment banking leader, Mr. Denham has served as FAF Chairman since January 2004. Prior to returning to Munger, Tolles & Olson LLP in 1998, he served as Chairman and Chief Executive Officer of Salomon Inc. in New York City from 1992 through 1997. Previous to this post, he was the firm's General Counsel. Prior to joining Salomon, Mr. Denham was Managing Partner at Munger, Tolles & Olson. He joined that firm in 1971.
Other FAF Trustee reappointments include:
Lee N. Price
President and Chief Executive Officer
Price Performance Measurement Systems, Inc.
Barbara H. Franklin
President and Chief Executive Officer
Barbara Franklin Enterprises
Duncan M. McFarland
Former Chairman and Chief Executive Officer
Wellington Management Company
Additional FAF Trustees include:
Frank C. Minter (Vice President, FAF)
Retired Vice President and
Chief Financial Officer
AT&T International
Douglas R. Ellsworth (Secretary and Treasurer of FAF)
Director of Finance
Village of Schaumburg, Illinois
Philip D. Ameen
Vice President and Comptroller
General Electric Company
W. Steve Albrecht
Associate Dean of the Marriott School of Management and Professor
Brigham Young University
William H. Hansell
Executive Director Emeritus
International City/County Management Association
Richard D. Johnson
Former Auditor of State, Iowa
Edward W. Kelley, Jr.
Former Governor
Federal Reserve System
James H. Quigley
Chief Executive Officer
Deloitte & Touche USA LLP
Ned V. Regan
University Professor
The City University of New York
Paul C. Wirth
Global Controller
Morgan Stanley
About the Financial Accounting Foundation
The Financial Accounting Foundation is responsible for overseeing, funding and selecting the members of the FASB and the GASB. For more information on the organizations it oversees, visit the Foundation’s websites at www.fasb.org and www.gasb.org.