The Financial Accounting Foundation, overseer of the Financial Accounting Standards Board, named former Paine Webber/UBS managing director Donald M. Young to the board of the accounting standard-setter.

Young's three-year term is effective Jan. 1, 2005. He will compete the term of Gary S. Schieneman, who resigned.

In addition to a five-year stint at Paine Webber/UBS, Young's resume includes two years as managing director at Prudential Securities, as well as serving as a director and senior vice president at Lehman Bros.

He also held a number of marketing and finance posts at Burroughs Corp., now called Unisys Corp.

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