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U.S. Securities and Exchange Commission

Kenneth A. Johnson Named SEC Chief Financial Officer


Washington, D.C., May 21, 2010 — Securities and Exchange Commission Chairman Mary L. Schapiro today announced that Kenneth A. Johnson has been named Chief Financial Officer for the agency.

Mr. Johnson has been serving as acting CFO for much of the past year. The agency's CFO is responsible for leading its Office of Financial Management, which handles the budget, finance, and accounting operations for the SEC.

"I'm delighted that Ken has agreed to take on this role at the SEC," said Chairman Schapiro. "His deep experience in the financial arena will be incredibly valuable as we grow as an agency."

Mr. Johnson added, "I'm honored to accept this new role at such an important time for the agency. Chairman Schapiro is deeply committed to strong financial management, and I'm proud to lead the agency's initiatives in this area."

Mr. Johnson, 37, joined the SEC in 2003 as a Management Analyst in the Office of the Executive Director. In that role, he advised on all aspects of the budget process, developed strategy initiatives, and responded to inquiries from the Office of Management and Budget (OMB) and Congress regarding the SEC's budget and financial operations. He became Chief Management Analyst in 2006.

Mr. Johnson has served as a valuable staff expert on legislative proposals, and he managed the development of the SEC's long-range Strategic Plan that would guide agency policy through 2015.

Prior to joining the SEC staff, Mr. Johnson worked as a Commerce Analyst at the Congressional Budget Office. His primary responsibility in that role was to analyze and report on the budgetary effects of committee-approved legislation.

Mr. Johnson earned his Masters in Public Policy from the Kennedy School of Government at Harvard University, and earned his BA at Stanford University.

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Modified: 05/21/2010