The Center for Audit Quality has named Citigroup executive Julie Bell Lindsay as its next executive director, effective May 6, succeeding Cindy Fornelli, who is retiring.
Fornelli will be staying on through the end of May to help with the transition. She has been leading the CAQ for 12 years.
Lindsay was formerly the managing director and deputy head for global regulatory affairs at Citigroup. While at Citigroup, she helped develop the bank's regulatory policy priorities and strategy, while communicating with regulators, international standards setters, trade organizations and other financial institutions. Prior to Citigroup, she was counsel to commissioner Cynthia Glassman at the Securities and Exchange Commission. She holds a BA from The Ohio State University and a JD from the Vanderbilt University School of Law.
"Since 2007, the CAQ has established itself as a force in public company auditing, thanks to its convening power, its constructive policy engagement and vision for the profession's future," Lindsay said in a statement. "I am thrilled to have the opportunity to lead the CAQ and to build on this foundation for the benefit of public company auditors, investors and the capital markets."
The CAQ's Governing Board unanimously approved her appointment in March as the next executive director of the CAQ. “Julie brings deep experience in the capital markets and an appreciation for the vital role of the public company auditing profession in our system of investor protection,” said Deloitte US CEO and CAQ Governing Board chair Cathy Engelbert in a statement. “The Governing Board thanks Cindy Fornelli for her leadership and accomplishments at the CAQ and looks forward to advancing the CAQ’s objectives with Julie at the helm.”
