SASB Names New CEOBy
The Sustainability Accounting Standards Board (SASB) appointed Madelyn Antoncic as its new chief executive officer in February 2019. Formerly of Principal Global Investors, several large investment banks, and the World Bank, Antoncic also is on the boards of directors of S&P Global Ratings and FinTec Acquisition Corp. III, and she’s a cofounder of the Market Monitoring Group.
Robert Steel, the SASB Foundation’s chair, said Antoncic’s mandate is to use an environmental, social, and governance (ESG) lens to explain the relevance of SASB’s codified standards to the market and promote corporations’ and investors’ understanding and use of them.
Antoncic began her career as an economist at the Federal Reserve Bank of New York. She went on to work at Goldman Sachs for 12 years, Barclays for two years, and Lehman Brothers for more than a decade. She was vice president and treasurer of the World Bank, where she oversaw $145 billion in assets under management from 2011 to 2015. After that, she became an executive director and the global head of official sector partnerships at Principal Global Investors, where she worked for two years.
“I am excited to put my knowledge to work on behalf of businesses around the world seeking to improve how they identify, manage and communicate financially material sustainability risks and opportunities to their investors and creditors,” Antoncic said.