Moody’s Corporation announced that it has elected Leslie F. Seidman to its board of directors, effective immediately.  Leslie will serve as a member of the board’s Audit, Governance & Compensation and MIS (Moody’s Investors Service) committees.

Ms. Seidman, 51, brings nearly 30 years of leadership experience in the development of accounting and financial reporting standards and policies. As the immediate past Chairman of the independent Financial Accounting Standards Board (FASB), she oversaw ongoing development of accounting standards and directed the organization’s global policy agenda. Prior to her term as Chairman, Ms. Seidman served as Acting Chairman and as a board member of the FASB, beginning in 2003. Ms. Seidman was recently named the Executive Director of the Center for Excellence in Financial Reporting at Pace University’s Lubin School of Business.

“Leslie’s distinguished career in financial standards has provided her with a broad perspective on the information needs of a diverse range of financial market participants,” said Henry McKinnell, Jr., Chairman, Moody’s Corporation. “Her extensive industry knowledge and expertise will provide a strong addition to our board.”

Ms. Seidman previously served as Vice President of Accounting Policy at J.P. Morgan & Co., where she was responsible for establishing and implementing firm-wide accounting policies.  She also served as an auditor with Arthur Young & Co.

Source:  Moody’s Press Release