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Financial Accounting Foundation Appoints Marc A. Siegel to the Financial Accounting Standards Board

Friday, September 26, 2008

On September 26, 2008, the Financial Accounting Foundation’s Board of Trustees appointed Marc Siegel to the FASB. Prior to his appointment, Mr. Siegel led the Accounting Research and Analysis team at the Risk Metrics Group in Rockville, Maryland. Mr. Siegel is a recognized expert in forensic accounting who brings to his new role 17 years of experience in diverse and global industries that include technology, media, telecommunications, healthcare, retail and insurance.

Mr. Siegel succeeds George J. Batavick, former FASB member, whose term ended on June 30, 2008, but was briefly extended to enable the FAF to conclude its candidate research for the board seat. Mr. Batavick served as the FASB representative for IMA’s Financial Reporting Committee.

Mr. Siegel was appointed to the FASB Investor Technical Advisory Committee (ITAC) in January 2007 and is a frequent guest on CNBC and other financial TV programs, often speaking on various accounting issues in the news. His term becomes effective on October 20, 2008 and extends until June 30, 2013.