Statement by Commissioner Barnier on the appointment of the new Chairman of the International Accounting Standards Board (IASB)

The Commission welcomes the appointment of Hans Hoogervorst as future Chairman of the IASB.

This appointment obviously has the support of the International Financial Reporting Standards (IFRS) Foundation's Trustees who nominated him, but he also has the support of the members of the IASB Monitoring Board, which he has been chairing in a competent and dynamic way up until now. Since the beginning of his mandate, Commissioner Barnier has taken an active part in the work of the Monitoring Board.