Kayla Gillan, one of the founding board members of the Public Company Accounting Oversight Board, plans to leave the PCAOB by the end of January 2008 when her five-year term expires.

Gillan joined the board when it started operating in January 2003 in response to the Sarbanes-Oxley Act of 2002. She led the PCAOB's small business program, in which board members and staff travel around the country to meet at forums with representatives of small auditing firms, directors and executives of small public companies.

Before she joined the PCAOB, Gillan spent 16 years at the California Public Employees' Retirement System, the last six years as general counsel. She currently serves on the Independent Advisory Board to the National Association of Corporate Directors, but she has not yet announced where she will work after she leaves the PCAOB.

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