The International Accounting Standards Committee (IASC) Foundation, the body that oversees the International Accounting Standards Board (IASB), has announced the appointment of Scott Evans, executive vice president, asset management and chief executive officer of TIAA-CREF Investment Management LLC, as a trustee of the IASC Foundation.
Evans has been appointed for a renewable term of three years beginning on 1 January 2009. He replaces David Shedlarz, who has announced his intention to retire as a trustee at the end of the year. The appointment of Evans completes the process of replacing three trustees who will retire and it maintains the appropriate geographical representation of trustees as required by the Constitution of the IASC Foundation. In November the trustees announced the appointment of Clemens Boersig, chairman of the Supervisory Board, Deutsche Bank Germany, and Noriaki Shimazaki, executive vice president, Sumimoto Corporation, Japan, as successors to Max Dietrich Kley and Junichi Ujiie respectively.
Evans’s appointment has received the support of the Trustee Appointments Advisory Group, as well as relevant business associations and public authorities within their home countries.
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