A CPA will take over as the Securities and Exchange Commission’s chief financial officer and associate executive director of finance.The appointee, Kristine Chadwick, had most recently served as the chief financial officer for the Department of Agriculture's Farm Service Agency, Foreign Agricultural Service, and Commodity Credit Corporation. She will replace Margaret Carpenter, who is retiring in January after 32 years in the federal government.
In Chadwick’s prior job, she oversaw the primary financing arm for an array of domestic and international agricultural programs, with hundreds of field offices nationwide and over $30 billion in borrowing authority. She also previously served in senior positions at the Census Bureau, the Federal Deposit Insurance Corp., and the Resolution Trust Corp., as well as in the private sector at Arthur Anderson.
Carpenter had been the Commission's top financial officer since coming to the Commission in 1997. She directed the preparation of the SEC's first-ever audited financial statements, for the years 2004, 2005 and 2006 -- all of which received unqualified opinions from the Government Accountability Office. She also played a key role in strengthening the agency's internal controls and eliminating material weaknesses.
