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The Trustees of the International Accounting Standards Committee Foundation, the oversight body of the International Accounting Standards Board (IASB), today launched a global search to identify a successor to Sir David Tweedie as Chairman of the IASB. Sir David will retire on 30 June 2011 when he completes his second term.
The Trustees have launched the process now in order to allow time for the broadest international search possible, and to ensure a smooth transition. They expect to make a decision in the second half of 2010. The Trustees are seeking nominations from interested parties, and will also consult relevant bodies throughout the world.
The Trustees have retained Spencer Stuart, the international executive search firm, to assist in the process. Further details will be available shortly on the IASB website atwww.iasb.org.
Commenting on the request for nominations Gerrit Zalm, Chairman of the Trustees, said:
Under the leadership of David Tweedie, the IASB has been instrumental in the shift from a proliferationof national GAAP to a world that is moving rapidly to a single set of high quality, global standards.
We shall shortly be beginning the process of considering what the IASB will look like in the next phase in the development of global standards. The new Chairman will play an important role in that process.
We are launching the search process now to allow time for the broadest international search possible to fill this vital position and to provide for a smooth transition.
Press enquiries
For press enquiries, please contact:
- Mark Byatt, Director of Corporate Communications, IASB
Telephone: +44 (0)20 7246 6472
Email: mbyatt@iasb.org
- Sonja Horn, Communications Adviser, IASB
Telephone: +44 (0)20 7246 6463
Email: shorn@iasb.org
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