FAF President and COO to Resign, Interim COO Selected
"CFO.com" reports that Robert DeSantis will resign as president and chief operating officer of the Financial Accounting Foundation (FAF). FAF is the parent organization of the Financial Accounting Standards Board and the Governmental Accounting Standards Board.
Teresa Polley, executive director of FASB Advisory Groups, will take over as interim COO when Mr. DeSantis leaves on September 21. No direct impact on cooperatives is foreseen because of this leadership change at the FAF. More information can be found at www.cfo.com.