The Securities and Exchange Commission has appointed Mark Kronforst as chief accountant of its Division of Corporation Finance.
He succeeds Craig Olinger, the division’s acting chief accountant, who will continue to serve as deputy chief accountant at the “Corp Fin” division. Paul Beswick continues to serve as chief accountant in the SEC’s Office of the Chief Accountant, which is a separate unit at the SEC.
Kronforst has been one of the division’s associate directors for disclosure operations since October 2010. He previously served in several positions within the division including as the division’s deputy chief accountant. Before joining the SEC, Kronforst was director of financial reporting for Solectron Corporation and an audit senior manager at KPMG LLP.
“I am honored to take on this important role,” Kronforst said in a statement. “I am also excited to return to this office and work with the very talented staff to further the division’s mission.”
Kronforst received his Bachelor of Accounting degree from the University of Minnesota-Duluth and is a CPA.
SEC Corp Fin division director Keith Higgins noted that Kronforst combines a deep knowledge of accounting and experience in the private sector with a broad understanding of the disclosure requirements of the federal securities laws. “His skills and experiences will serve us well as we address important financial reporting issues,” he added.
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