David A. Costello, CPA, president and CEO of the National Association of State Boards of Accountancy, has announced his plans to retire from his executive role with NASBA, effective Jan. 1, 2012.

Costello made the formal announcement before the NASBA board of directors during the board’s quarterly meeting on April 23. To effectively prepare for the transition of leadership, the NASBA board has approved a formal process and Selection Advisory Committee to determine his successor. The SAC will represent each of the eight NASBA regions.

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