On Wednesday, the IFRS Foundation announced that Erkki Liikanen will succeed Michel Prada as the organization’s next chairman. Liikanen joins the IFRS Foundation after serving the last 14 years as governor of Finland’s central bank. He will serve a three-year term starting in October.
Representing the panel that oversees the IFRS Foundation, Monitoring Board chair Jean-Paul Servais said Liikanen will be instrumental in leading the Foundation due to his senior international experience, financial sector knowledge, and international network and diplomatic skills. Prada also issued a statement on Liikanen, wishing him the best in leading the Foundation towards global adoption of IFRS.