RegulationCorporate GovernanceChadwick steps in as CFO of SEC

Chadwick steps in as CFO of SEC

Kristine Chadwick to take over as US watchdog CFO from Margaret Carpenter

SEC veteran Margaret
Carpenter has been replaced as by
Kristine
Chadwick
as chief financial officer at the US audit watchdog.

Carpenter has worked in federal government for 32 years and has been with the
SEC since 1997. Chadwick, a qualified CPA with an MA in accounting, joins the
SEC having worked for the Department of Agriculture’s Farm Service Agency,
Foreign Agricultural Service, and Commodity Credit Corporation.

SEC chairman
Christopher
Cox
said Chadwick would bring a wealth of experience to the SEC.

‘She is exceptionally well-suited to build upon the SEC’s recent successful
efforts to bolster its internal controls and financial management practices,’
Cox said.

Chadwick said: ‘ Given the SEC’s responsibilities for overseeing public
companies and other participants in the securities markets, it is critically
important that the agency manage its finances in just as exemplary a fashion.’

Further reading:

SEC deputy chief accountant to step down

SEC reviews expensive Sarbox accounting rule

US ‘must revise Sarbox to stay competitive’

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