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U.S. Securities and Exchange Commission

Karen Garnett and Mark Kronforst Named Associate Directors in SEC Division of Corporation Finance


Washington, D.C., Oct. 12, 2010 — The Securities and Exchange Commission today announced that Karen Garnett and Mark Kronforst have been named Associate Directors in the Division of Corporation Finance.

In their new positions, Ms. Garnett and Mr. Kronforst will join Associate Directors Paul Belvin, Jim Daly and Barry Summer in overseeing the Division's full disclosure program under the leadership of Shelley Parratt, the Deputy Director of Disclosure Operations.

"Karen and Mark each bring critically important skills and experience to their new roles, and they will enhance our ability to protect investors through our full disclosure program," said Meredith Cross, Director of the SEC's Division of Corporation Finance. "With the addition of Karen and Mark, the broad and varied experience of the full disclosure leadership team will serve us well during this time of significant change."

Ms. Garnett has served as the Assistant Director of the Division's Office of Real Estate and Business Services since 2000. She previously served as a Special Counsel and as an Attorney Advisor in the Divisions of Corporation Finance and Investment Management. Prior to joining the SEC, Ms. Garnett was an associate at the law firm of Wright, Lindsey & Jennings. She earned her undergraduate degree from Dartmouth College and her law degree from the University of Texas Law School. Ms. Garnett received the agency's Byron Woodside Award for 2005 in recognition of her contributions to the SEC's full disclosure program.

Mr. Kronforst has served as the Division's Deputy Chief Accountant since 2009. He previously served as a Branch Chief and Assistant Chief Accountant in the Division's Office of Computers and Online Services. Prior to joining the SEC, Mr. Kronforst was the Director of Financial Reporting at Solectron Corporation and an Audit Senior Manager at the accounting firm KPMG LLP. He received his Bachelor of Accounting degree from the University of Minnesota Duluth. Mr. Kronforst received the agency's Andrew Barr Award for 2009 in recognition of his outstanding service as an accountant.

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Modified: 10/12/2010