PCAOB adds risk management and data officers

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The Public Company Accounting Oversight Board has set up a new Office of Enterprise Risk Management, to be led by Sue Lee, who will be the PCAOB’s first chief risk officer. The board also named Eric Hagopian as its first chief data officer.

The two announcements Monday from the PCAOB indicate two more changes it has put in place since last year, when a completely new slate of board members and a new chairman took the helm, and many longtime officials resigned. One of the changes involves implementing an enterprise risk management program for the organization, to be led by Lee. She will oversee the PCAOB’s risk management, compliance, ethics and security programs.

Lee was previously senior vice president, general counsel and corporate secretary at Entegris, a publicly traded chemicals and materials company. Before joining Entegris, she held the same roles at Cyren, a publicly traded cybersecurity company. She has also worked at Viacom and Genzyme, and was an attorney at the law firm Cleary Gottlieb Steen & Hamilton.

"In connection with our strategic planning process last year, the board undertook an organizational assessment that revealed the need to transform our approach to risk management," said PCAOB Chairman William Duhnke in a statement. “The board is fortunate to have Sue’s vast experience, leadership, and expertise as we work toward achieving one of our key strategic objectives.”

In the newly created role of chief data officer, Hagopian will be tasked with advancing the PCAOB’s data management and analytics strategy. He previously served as director of data governance at CareFirst BlueCross BlueShield and as chief technologist at the Booz Allen Hamilton Strategic Innovation Group. He also spent several years as chief data officer of Immigration and Customs Enforcement at the U.S. Department of Homeland Security.

“In 2018, the board began to develop a formal organization-wide strategy related to our own use of data, which included the creation of a chief data officer,” said Duhnke. “The board is pleased to welcome Eric, and we look forward to utilizing his deep experience in data governance, management and analytics to enhance the effectiveness of our oversight activities.”

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Risk management Data management PCAOB