Trustees of the Financial Accounting Foundation in Norwalk have seated a chair and members to the newly formed Private Company Council.
The council is a new body that will work with the Financial Accounting Standards Board (FASB) to determine whether and when to modify U.S. generally accepted accounting principles for private companies, officials said.
Texas certified public accountant Billy M. Atkinson was named chair. A retired PricewaterhouseCoopers executive, Atkinson was chairman of the National Association of State Boards of Accountancy from 2009 to 2010.
The council’s other members are:
• George Beckwith – vice president and chief financial officer of National Gypsum Co. in Charlotte.
• Steven Brown – vice president of US Bank in Portland, Ore.
• Jeffery Bryan – partner, Professional Standards Group of Dixon Hughes Goodman LLP in High Point, N.C.
• Mark Ellis – chief financial officer of PetCareRx Inc. in Chappaqua, N.Y.
• Thomas Groskopf – director and owner of Barnes, Dennig & Co., Ltd. in Cincinnati.
• Neville Grusd – president of Merchant Financial Corporation in New York City.
• Carleton Olmanson – managing principal of GMB Mezzanine Capital in Minneapolis..
• Diane Rubin – partner of Novogradac & Company LLP in San Francisco.
• Lawrence Weinstock – vice president – Finance of Mana Products Inc. in Long Island City, N.Y.
