The Financial Accounting Foundation today appointed Charles S. Cox, John C. Dugan and Teri L. List-Stoll to the FAF board of trustees. The FAF is the independent, private-sector organization responsible for the oversight of the Financial Accounting Standards Board and the Governmental Accounting Standards Board.
Since 1993, Cox has served as director of finance for the city of Farmers Branch, Texas, where he has been responsible for the city's accounting, financial planning, tax collection, treasury, purchasing and other functions. Previously, he was director of finance for Haltom City, Texas. Earlier, he was a financial analyst with General Dynamics Corp. in Fort Worth. He holds a bachelor's degree in business administration from Texas Christian University and an MBA from Southern Methodist University.
Dugan is a partner at the law firm of Covington & Burling, a firm he rejoined after serving as the nation's 29th comptroller of the currency, from August 2005 until August 2010. As comptroller, Dugan led an agency that supervised more than 1,500 federally chartered commercial banks and 50 federal branches and agencies of foreign banks in the United States, and was frequently involved in accounting issues. He also served as assistant secretary of the Treasury for Domestic Finance, and as minority general counsel for the U.S. Senate Committee on Banking, Housing, and Urban Affairs. He earned a bachelor's degree from the University of Michigan and a JD from Harvard Law School.
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List-Stoll is the senior vice president and treasurer of Procter & Gamble Co., where she is responsible for the global treasury function, investor relations, and global business development. Her previous roles included vice president—Finance of Global Operations and of Household Care. Prior to joining P&G, she worked for Deloitte, both in the firm's national office and with multinational clients. Earlier in her career, she spent two years as a practice fellow at the FASB. She earned a bachelor's degree in business administration at Northern Michigan University.
All three Trustees will serve a five-year term beginning Jan. 1, 2013.
Cox, Dugan and List-Stoll replace Trustees Frank H. Brod, corporate vice president, finance and administration, and chief accounting officer, Microsoft Corp.; Edward M. Harrington, retired general manager, San Francisco Public Utilities Commission; and John J. Perrell, retired vice president, global policies, American Express Co., whose terms ended Dec. 31.
The Trustees also accepted the resignation of Trustee Mary S. Stone, director of the Culverhouse College of Commerce & Business Administration at the University of Alabama, effective Dec. 21, 2012. The Trustees expect to fill Stone's position this year.
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