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NEWS RELEASE
Robert J. Freeman Named
Vice Chairman of GASB

Robert J. Freeman, a member of the Governmental Accounting Standards Board (GASB) since 1990 and the distinguished professor of accounting at Texas Tech University, has been appointed vice chairman of the GASB.

Mr. Freeman has held faculty positions at the University of Alabama and Louisiana Tech University. Prior to joining the Texas Tech faculty, he was national director of state and local government activities at Arthur Young & Company.

Mr. Freeman was also a charter member of the National Council on Governmental Accounting (NCGA), the predecessor to the GASB, and was a member of the Government Accounting and Auditing Committee of the American Institute of CPAs. He earned an undergraduate degree from Louisiana Tech University, and an M.B.A. and Ph.D. from the University of Arkansas. In addition, Mr. Freeman is a certified public accountant.

"Bob's depth of experience has been a clear asset to the Board," said Manuel H. Johnson, Chairman and President of the Financial Accounting Foundation. "We are pleased to recognize Bob in this capacity and we look forward to his continued contributions."

The GASB was organized in 1984 by the Financial Accounting Foundation to establish standards of financial accounting and reporting for state and local governmental entities. The Foundation is responsible for funding, overseeing, and selecting the members of the GASB and the Financial Accounting Standards Board. Mr. Freeman's appointment as vice chairman to the GASB was effective April 24, 1998.

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