PCAOB Chief Administrative Officer Darrell Pauley to Retire

Washington, DC, Nov. 25, 2013

The Public Company Accounting Oversight Board announced today that Chief Administrative Officer Darrell Pauley is retiring from the PCAOB, effective Dec. 31, 2013.

Mr. Pauley was named Chief Administrative Officer in 2009, where he provided executive oversight to the offices of Information Technology, Human Resources, Finance, Budget, Facilities, and established a new office within the PCAOB, the Office of Compliance and Risk Management.

"Darrell Pauley's tenure spanned events of critical importance to the PCAOB and significant change in our growth and development as an organization. His steady leadership and creative thinking were invaluable to carrying out our mission to protect investors," said PCAOB Chairman James R. Doty. "He will be missed."

"I am extremely proud and honored to have been part of an exceptional team of professionals dedicated to the PCAOB mission to protect investors. I wish the PCAOB Board and my many colleagues continued success in the important work they perform," said Mr. Pauley.

Mr. Pauley joined the PCAOB in 2008 as its Chief Financial Officer, after serving more than 30 years with the Board of Governors of the Federal Reserve System. He was an officer of the Board for most of that time, rising to Chief Financial Officer. He earned a BBA in Finance from Marshall University, and is a certified public accountant.