The board of trustees of the Financial Accounting Foundation appointed telecomm executive Robert J. DeSantis as president and chief operating officer.

For the past five years, DeSantis served as chief financial officer for Inc., a nationwide provider of broadband communications services, and as executive vice president of Tellium Inc., which developed optical switching equipment for the telecommunications industry.

Prior to his involvement with those companies, he held executive positions -- including chief financial officer, vice president and treasurer -- with utility company Citizens Communications Co. for 15 years. He has also served in a number of financial and legal capacities with GTE Corp. and KPMG Peat Marwick.

The foundation also said that Rick Anderson, chairman of Moss Adams LLP, has been appointed to the FAF board of trustees, and a number of trustees had been reappointed to new three-year terms, including Robert E. Denham, partner in the Los Angeles-based law firm of Munger, Tolles & Olson LLP, who will continue to serve as the foundation's chairman.

The foundation is responsible for the oversight, administration and finances of both the Financial Accounting Standards Board and its counterpart for state and local government, the Governmental Accounting Standards Board.

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