CFP Board Announces Resignation of CEO Sarah Ball Teslik.DENVER -- Certified Financial Planner Certified Financial Planner (CFP) A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs. Board of Standards, Inc. (CFP 1. CFP - Constraint Functional Programming. 2. CFP - Communicating Functional Processes. 3. CFP - Call For Papers (for a conference). Board) announced today the resignation of its Chief Executive Officer Sarah Ball Teslik. Teslik is leaving CFP Board effective October 31, 2006 to assume a policy position in the private sector. "Sarah came to CFP Board at an important point in our history and has made significant contributions to our organization," said Barton C. Francis, Chair of the Board of Governors. "Sarah helped us streamline our operations and strengthen the fiscal management of the Board, while maintaining our commitment to quality, successfully launching our first Annual Meeting, and enhancing the visibility of CFP Board in front of regulators and influencers shaping the practice of financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against . The Board of Governors wants to express its gratitude to Sarah for her contributions and wishes her well in her new position." Sarah Ball Teslik, who was named CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CFP Board in September 2004, commented: "It was an exciting period of time to be at CFP Board, and I enjoyed the opportunity to shape the future. I want to thank the Board of Governors, the many volunteers, staff and all the stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. who supported me in my efforts. I achieved many of the goals I set out when I accepted the position, and I am confident that CFP Board is strong and well-positioned to continue to fulfill its mission." The Board of Governors will announce an Interim CEO at its regularly scheduled meeting on October 24, 2006. "We are introducing an Interim CEO to provide continuity for the staff and help us to continue to pursue our current initiatives while the Board of Governors completes a search for a new chief executive officer," commented Francis. "The person we're considering as Interim CEO has strong experience guiding organizations through transition periods. We will move judiciously ju·di·cious adj. Having or exhibiting sound judgment; prudent. [From French judicieux, from Latin i to fill the position in Denver with an individual who can further CFP Board's mission." The mission of Certified Financial Planner Board of Standards Inc. is to help people benefit from competent, professional and ethical financial planning. CFP Board owns the certification marks A certification mark on a commercial product indicates five things:
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