The Financial Accounting Foundation (FAF) Board of Trustees has selected Dalia O. Blass to serve as its new board chair and appointed Erin Hill as the foundation’s new executive director.
Blass’s three-year term as chair begins Jan. 1, 2026, and she is eligible for a second three-year term beginning Jan. 1, 2029. She succeeds current FAF chair Edward C. Bernard, whose term concludes on Dec. 31, 2025.
Hill joins the organization on Oct. 1, 2025. She succeeds John W. Auchincloss, who will formally retire from the FAF on Dec. 31, 2025, after a brief transition period this fall.
investment management practice providing strategic and regulatory advice to asset managers, funds, fund boards, and service providers on a range of regulatory, governance, compliance, examination and enforcement matters.
Before joining Sullivan & Cromwell, Blass was the senior managing director and global head of external affairs at BlackRock Inc. and earlier held a range of increasingly strategic roles at the U.S. Securities and Exchange Commission, including more than three years as director of the Division of Investment Management. She is a graduate of The American University, School of International Service, and the Columbia University School of Law.
Hill is a corporate executive with over 30 years of experience on Wall Street. Most recently, Hill served as the Chief Administrative Officer at BNY Mellon. Prior to BNY Mellon, Ms. Hill served as the Head of Consumer Banking and Wealth Management at JP Morgan Chase & Co., leading more than 50,000 bankers and financial advisors. While at JP Morgan, she also served as CFO of its private equity business and COO of its legal and compliance functions. Prior to JP Morgan, Hill was a corporate attorney at Wachtell, Lipton, Rosen & Katz. Hill began her career as an auditor at Arthur Andersen. She is a Certified Public Accountant, with her BS from Fordham University magna cum laude, and both her MBA and JD from Columbia University.
The FAF also announced the reappointment of Frederick L. Cannon to the Financial Accounting Standards Board (FASB). Cannon’s first five-year term began on July 1, 2021; his second term will commence on July 1, 2026, and conclude on June 30, 2031. Jacqueline Reck was reappointed to serve on the Governmental Accounting Standards Board (GASB). Reck, who was originally appointed to the GASB Board on July 1, 2022, will serve her second term effective July 1, 2026, concluding on June 30, 2032.