Ray Schmidt, chief information officer of the Public Company Accounting Oversight Board, is stepping down after five years to take a job in the private sector.

Schmidt has been the board's CIO since its inception, having designed, developed and deployed the board's technology and directed its tech strategy. He oversaw the development of the board's technology infrastructure in less than a year, and set up a Web-based system that audit firms could use to register online.

Schmidt came to the PCAOB after a stint as corporate enterprise manager at federal contractor RS Information Systems. He also worked for the business intelligence tech company MicroStrategy and its Strategy.com business unit, and for E-Systems and Control Data.

Marc Stewart, deputy director of the PCAOB's Office of Information Technology, will act as interim CIO until the board appoints a permanent replacement.

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