Ken Lever, the chairman of the Hundred Group's financial reporting committee has joined the board of the ASB. His appointment came into effect at the beginning of the month, the FRC said.

Sir Christopher Hogg, chairman of the FRC, said : 'I warmly welcome Ken Lever as a member of the Accounting Standards Board. Ken has long experience in financial reporting and brings a high level of expertise to maintain the strengths of the board.'

Lever is currently the CFO and Senior Vice President of Switzerland-based memory company Numonyx BV, a role he took on after parting ways with engineering group Tomkins.

Further reading:

Ken Lever takes up CFO role in Switzerland