The Trustees of the International Accounting Standards Committee Foundation, the oversight body of the International Accounting Standards Board (IASB),this week launched a global search to identify a successor to Sir David Tweedie as Chairman of the IASB. Sir David will retire on 30 June 2011 when he completes his second term.
The Trustees have launched the process now in order to allow time for the broadest international search possible, and to ensure a smooth transition. They expect to make a decision in the second half of 2010. The Trustees are seeking nominations from interested parties, and will also consult relevant bodies throughout the world.
The Trustees have retained Spencer Stuart, the international executive search firm, to assist in the process.