The Securities and Exchange Commission (SEC) announced the appointment of several new members of its Public Company Accounting Oversight Board (PCAOB), which is tasked with ensuring public companies and broker-dealers protect the interests of investors and the public.
The revamped board will include several current and former regulators for the financial services and housing sectors.
“I am confident that this new board will usher in a new day at the PCAOB – one of sensible, efficient oversight of auditors,” SEC Chairman Paul Atkins said in a statement. “The newly appointed chairman and board members have already demonstrated a profound commitment to protecting investors and responsible use of such funds by accepting compensation much more in line with the ethos of public service. I look forward to working with this board as it refocuses on the PCAOB’s core statutory mission – protecting investors and furthering the public interest in the preparation of informative, accurate, and independent audit reports.”
Demetrios (Jim) Logothetis was selected to serve as the board’s chairman for a term ending on Oct. 24, 2030. He currently serves on the board of The Republic Bank of Chicago, where he chairs the audit committee, and on the advisory council of CrossCountry Consulting, a privately owned consulting firm. He retired from EY in 2019 after 40 years with the firm.
Logothetis also served as a senior adviser at the Department of Housing and Urban Development’s (HUD) Office of the Assistant Secretary and Chief Financial Officer from May 2020 to November 2020, where he led HUD’s Audit Coordination Committee for Ginnie Mae.
Mark Calabria will serve as a PCAOB board member for a term ending Oct. 24, 2027. Calabria will retain his role at the Office of Management and Budget (OMB), where he serves as an associate director and chief statistician, as well as his role as senior adviser to the Office of the Director of the Consumer Financial Protection Bureau. During President Donald Trump’s first term, Calabria was director of the Federal Housing Finance Agency, assistant to the vice president and deputy assistant secretary with the Department of Housing and Urban Development.
National Credit Union Administration (NCUA) Chairman Kyle Hauptman will serve a board member term ending Oct. 24, 2029. Hauptman served as vice chairman of the NCUA from December 2020 until he was appointed chairman in January 2025. He previously served on the Senate Banking Committee staff as staff director and economic policy counselor to Sen. Tom Cotton (R-Ark) and worked at the American Enterprise Institute, Jefferies & Co., and Lehman Brothers.
“We congratulate NCUA Board Chair Hauptman on his appointment to the PCAOB,” America’s Credit Unions President and CEO Scott Simpson said in a statement. “In his work on the NCUA Board, Hauptman has prioritized effective oversight, right-sized regulations, and thoughtful modernizations to ensure a safe, stable credit union industry. These priorities are sure to continue in his new capacity. We look forward to continuing to work with Hauptman through the rest of his term at the NCUA.”
Steven Laughton will serve a term ending Oct. 24, 2026. Before joining the PCAOB as an adviser in 2022, he spent more than 30 years with the Department of the Treasury.
Current board members Kara Stein and Anthony Thompson will leave before their terms end. Stein’s term was scheduled to conclude in October 2026, while Thompson’s term was set to expire in October 2027.
The Sarbanes-Oxley Act of 2002 established the PCAOB to oversee the preparation of informative, accurate and independent audit reports. The board registers public accounting firms, setting auditing standards, conducting inspections and pursuing disciplinary actions.