SEC Names Daniel L. Goelzer Acting Chairman of the PCAOB

FOR IMMEDIATE RELEASE
2009-171

Washington, D.C., July 27, 2009 — The Securities and Exchange Commission today announced it has appointed Daniel L. Goelzer as Acting Chairman for the Public Company Accounting Oversight Board effective August 1, 2009.

The PCAOB, which is subject to oversight by the Commission, was created by the Sarbanes-Oxley Act of 2002 and is responsible for supervising accounting firms that audit public companies. Mr. Goelzer is a founding and current member of the PCAOB Board, where he has served for the past six years.

"Daniel Goelzer has demonstrated the leadership, ability and experience necessary to oversee the continued progress of this important organization," said SEC Chairman Mary Schapiro. "During this interim period, I look forward to working with him, his colleagues, and the PCAOB staff as they continue to fulfill their mission of protecting investors."

"I would also like to thank Chairman Mark Olson for his service these past three years," Chairman Schapiro added. "During his tenure at the PCAOB, Chairman Olson has helped to significantly improve the quality of audits for the protection of investors."

Mr. Goelzer has served as General Counsel of the SEC and has held the offices of Executive Assistant to the SEC Chairman and Associate General Counsel in the Office of the General Counsel.

Mr. Goelzer was a partner in the Washington, D.C. office of the law firm of Baker & McKenzie, where he practiced in securities and corporate law and specialized in matters involving the SEC. He served as a law clerk to Judge Thomas E. Fairchild of the U.S. Court of Appeals for the Seventh Circuit. Earlier in his career, he worked as an auditor in the Milwaukee office of Deloitte & Touche.

Mr. Goelzer is a native of Milwaukee and received a B.B.A. in Accounting from the University of Wisconsin, a J.D. from the University of Wisconsin School of Law, and an L.L.M. from the National Law Center of George Washington University.

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