New EFRAG Board appointed
The new composition of the EFRAG Board was unanimously agreed by the EFRAG General Assembly at its meeting on 25 March 2021 based on the new governance structure for the EFRAG Board. The three-year term of EFRAG Board members commences on 1 May 2021.
The newly appointed members are Olivier Scherer (accountancy profession seat); Michael Fechner (corporate sector seat); Roman Sauer (insurance sector seat); Serge Pattyn (user seat and Vice-President); and Gerhard Prachner (AFRAC – Austrian Standard Setter).
Outgoing members are Hans Buysse (EFRAG Board Vice-President), Luca Cencioni, Benoit Jaspar, Claes Norberg, Laurence Rivat and Mark Vaessen.
The observer seat with speaking rights for European private investor organisations will be taken up by Jella Benner-Heinacher, representing Better Finance in the place of Jean Medernach.
In agreeing the new EFRAG Board composition, the EFRAG General Assembly sought for geographical and gender balance of the Board, which represents the various constituencies of the EFRAG membership.
The EFRAG Board new composition in full:
- Jean Paul Gauzès – President
European Stakeholder Organisations
- Olivier Scherer, accountancy profession sector (French)
- Rosa Bruguera, banking sector (Spanish); deputy Ricardo Sanchez (Spanish)
- Michael Fechner, corporate sector (German); deputy Kristian Koktvedgaard (Danish)
- Roman Sauer, insurance sector (German)
- Serge Pattyn, user sector (Belgian) – Vice-President
National Standards Setters
- Patrick de Cambourg, Chairman ANC (France)
- Sven Morich, Vice-President ASCG (Germany)
- Angelo Caso, Chairman OIC (Italy)
- Gerhard Prachner, member AFRAC (Austria)
- Søren Kok Olsen, International liaison observer, former Vice-Chair DASC (Denmark)
- Gerard van Santen, Chairman DASB (Netherlands)
- Maria Urrea, member ICAC Board (Spain)
- Anders Ullberg, Chairman SFRB (Sweden)
Observers with speaking rights
European Institutions- EC: Alain Deckers
- EBC: Jürgen Kirchhof / Kallol Sen
- EBA: Delphine Reymondon
- EIOPA: Sandra Hack
- ESMA: Isabelle Grauer-Gaynor
European organisations representing private investors
- Private investors (Better Finance): Jella Benner-Heinacher
Press release
EFRAG Board