Carol Stacey Named Chief Accountant of the Division of Corporation Finance

The Securities and Exchange Commission
today announced the selection of Carol A. Stacey as chief accountant of the
Division of Corporation Finance.  Stacey will be the principal advisor to
Alan Beller, director of the Division, on accounting and auditing matters and
will work closely with Robert Herdman, the Commission’s chief accountant in
revising and modernizing our accounting and financial disclosure system.

Beller said, “I am extremely pleased that Carol will be the chief accountant
in the Division of Corporation Finance.  Throughout her career, she has shown
outstanding technical skills and sound judgment and I am delighted to have her
as my advisor on accounting issues.  She is exceptionally qualified to take
the lead in modernizing our disclosure system.”

Herdman, the Commission’s chief accountant added, “I am pleased that I will
have the opportunity to work closely with Carol in implementing Chairman Pitt’s
regulatory reform initiatives and modernization of the financial disclosure
requirements.  We will work together to ensure consistency of the staff’s
voice on accounting matters.”

Stacey joined the Division of Corporation Finance in 1996.  She received a
Master’s degree in accounting from Virginia Polytechnic and State University
and a B.S. in accounting from Bentley College in Waltham, MA.  She has been
a certified public accountant since 1987.