The Financial Accounting Standards Board (FASB) on Friday announced it has filled two new openings, appointing Daryl Buck of Reasor's Holding Co. and R. Harold Schroeder of Carlson Capital as the standard-setting group expands from five to seven members.
Buck, a former Arthur Andersen & Co. audit manager, has spent the past 18 years with Reasor's, a grocery chain operator in Tahlequah, Okla. He was selected to the FASB in large part for his experience with private company financial reporting and analysis, an area of focus for the board.
Schroeder's varied background includes equity analyst roles with KBW and Schroder & Co., and finance posts with several subsidiaries of Nacional Financiera, the primary development bank of the Mexican government. A former Ernst & Young audit partner, Schroder has spent the past 11 years at Carlson, most recently as a senior portfolio manager overseeing financial services industry investments for the firm, which has $6 billion of assets under management.
The join the FASB at a critical time, with the board expected to issue final rulings this year on controversial topics including fair-value accounting.