Lynn E. Turner, Chief Accountant, To Leave the SEC
FOR IMMEDIATE RELEASE
Washington, D.C., July 26, 2001 Lynn E. Turner, Chief Accountant, announced today that, after three years of service, he is leaving the Commission in August. He will join the faculty at Colorado State University where he also will be the Director of the Center for Quality Financial Reporting. Mr. Turner has been the Chief Accountant for the Commission since July 1998.
Acting SEC Chairman Laura Unger said, "The Commission is losing one of the most active and creative members of the staff. It has been said that Lynn is a 'force of nature' and anyone who has dealt with him on a regular basis shares that view. Lynn has been a dynamic, energetic, and knowledgeable leader of the accounting staff. We will miss his keen intellect and the integrity and strength of his views."
During his tenure, Mr. Turner was instrumental in many of the improvements made by the Commission and the accounting profession, such as:
Mr. Turner said, "Serving the public and the Commission as the SEC's Chief Accountant has been a wonderful experience, which will always be a part of me. One of the most enjoyable aspects of being Chief Accountant was working with former Chairman Levitt, Acting Chairman Unger, Commissioner Hunt and the other distinguished members of the Commission. We could not have accomplished what we did, however, without the most dedicated staff I have ever worked with the staff of the Office of the Chief Accountant and the many talented people in the Commission's other divisions and offices. At the same time, I am excited about the opportunity to teach at a great institution and my alma mater."
Before joining the Commission, Mr. Turner was the Chief Financial Officer for Symbios Inc., a Colorado-based manufacturer of semiconductors and storage systems. Prior to that, he was an SEC consulting partner in the accounting firm of Coopers & Lybrand and the National Practice Leader for the C&L High Technology Audit Practice. He has received numerous awards throughout his career commemorating his accomplishments and his dedication to public service.
Mr. Turner received his M.A. in Accounting from the University of Nebraska and his B.A. in Business Administration from Colorado State University. He also has received honorary doctorate degrees from Grand Valley State University and Central Michigan University. He is a member of the AICPA and the Financial Executives International.