The Board of Trustees of the Financial Accounting Foundation has appointed three new trustees, effective Jan. 1, 2017: Susan Carter, Anthony Dowd and T. Eloise Foster.

“The FAF Board of Trustees is pleased to welcome Susan, Tony, and Eloise as its newest members,” said FAF Chairman Charles Noski in a statement. “Their diverse experience and expertise will contribute significantly to the Trustees’ ongoing oversight and support of the standard-setting process that serves all stakeholders of the FASB and the GASB.”

Charles Noski
Charles Noski Bloomberg News

The FAF is the parent organization of the Financial Accounting Standards Board and the Governmental Accounting Standards Board.

The appointments fill the seats of three departing trustees -- vice chair W. Daniel Ebersole, Paul Camell and Michelle Seitz -- whose terms conclude on Dec. 31. The Board of Trustees also appointed Gary Bruebaker to serve as vice chair, starting on Jan. 1.

“On behalf of the FAF, I want to thank our departing trustees — Dan, Paul, and Michelle — for their years of leadership and service,” said FAF president and CEO Teresa Polley. “They have provided valuable oversight of the FASB and GASB, while successfully promoting and protecting the independence of the boards.”

The new trustees

Carter is a member of the BlackRock Equity/Liquidity mutual fund board and the board of the Pacific Pension and Investment Institute; prior to that, she spent 25 years at Commonfund Capital, Inc., including serving as president and CEO.

Dowd is a director and treasurer of The Volcker Alliance, and formerly worked as chief of staff and special assistant under Paul A. Volcker when he was chairman of the President’s Economic Recovery Advisory Board.

Foster is chair of Maryland Supplemental Retirement Plans, a commissioner with the Washington Suburban Sanitary Commission, and a member of the WSSC Retirement Plan Board of Trustees. She previously served as secretary of the Maryland Department of Budget and Management.