Norwalk, Conn. (Oct. 31, 2003) -- The Financial Accounting Foundation, the governing body of FASB and GASB, elected Robert E. Denham, partner at Los Angeles-based law firm of Munger, Tolles &  Olson LLP, as chairman, and named Baruch College president Edward “Ned” Regan as a trustee.

Both appointments are effective Jan. 1, 2004.

Denham succeeds Manuel H. Johnson, who as served as FAF chairman since 1997. An attorney and former investment banker, Denham, served as chairman and chief executive of investment house Salomon Inc. from 1992-1997. Prior to that he served as Salomon’s general counsel.

Meanwhile, Regan returns to the FAF board where he was a trustee from 1997-2000. Since 2000, he has served as president at Baruch College in New York. From 1979-1993, Regan was New York State Comptroller.

-- WebCPA staff

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