The Certified Financial Planner Board of Standards Inc. has named Sarah Ball Teslik, executive director of the Council of Institutional Investors, as its new chief executive.

She replaces interim CEO Gary Diffendaffer, who stepped in to fill the position when former CEO Louis J. Garday resigned in July 2003, to return to the private sector. Teslik, who served at the CII for 16 years, will step into her new position at the CFP Board by Jan. 1.

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