PCAOB Names First Chief Data Officer, Chief Risk Officer

By:
Chris Gaetano
Published Date:
Feb 27, 2019
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The Public Company Accounting Oversight Board has announced the creation of new chief data officer and chief risk officer positions, reflecting the changing nature of the audit profession. 

The new chief data officer, Eric Hagopian, will advance the PCAOB’s data management strategy and enhance the organizational approach to data management and analytics. Prior to joining the PCAOB, Hagopian served as the director of data governance at CareFirst BlueCross BlueShield, where he was responsible for developing a data governance framework. Before joining CareFirst, Hagopian was a chief technologist for the Booze Allen Hamilton Strategic Innovation Group, and he also spent several years as the chief data officer for the U.S. Department of Homeland Security Immigration and Customs Enforcement. 

"In 2018, the Board began to develop a formal organization-wide strategy related to our own use of data, which included the creation of a Chief Data Officer,” said PCAOB Chairman William D. Duhnke. “The Board is pleased to welcome Eric to the PCAOB, and we look forward to utilizing his deep experience in data governance, management, and analytics to enhance the effectiveness of our oversight activities.” 

The chief risk officer, Sue Lee, will lead the new Office of Enterprise Risk Management, which will help the board implement the strategic objective of implementing an Enterprise Risk Management (ERM) program for the organization. Specifically, she is supposed to develop  a framework used to identify potential events that may affect an organization, manage the associated risks and opportunities, and provide reasonable assurance that an organization’s mission, vision, and strategic objectives will be achieved. She will also oversee the organization’s risk management, compliance, ethics,and security programs. Prior to joining the PCAOB, Lee was senior vice president, general counsel, and corporate secretary of Entegris, Inc., a publicly traded chemicals and materials company.

"In connection with our strategic planning process last year, the Board undertook an organizational assessment that revealed the need to transform our approach to risk management," said Duhnke. “The Board is fortunate to have Sue’s vast experience, leadership, and expertise as we work toward achieving one of our key strategic objectives.” 

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