State Board Report

February 2010

Joseph T. Cote, CPA, will retire as NASBA’s Executive Vice President and Chief Operating Officer on December 31, 2010, NASBA President David A. Costello announced at the January Board of Directors meeting. Citing the extraordinary work Mr. Cote did in building NASBA’s and Professional Credential Services, Inc.’s (PCS) operations over the last decade, President Costello said Mr. Cote will be transitioning his duties to Ken L. Bishop. As of February 1, 2010, Mr. Bishop became NASBA’s Chief Operating Officer, while continuing to hold the posts of NASBA Senior Vice President and President of PCS.

Mr. Cote joined NASBA in March 1996, following many years with the American Institute of Certified Public Accountants and the California Society of CPAs. Besides leading NASBA’s CPA Examination Services, he became the first President of PCS in 1998 and saw it grow to offer services to over 52 professions’ regulatory boards and associations. During his career at NASBA, Mr. Cote has developed and supported NASBA’s growing line of services. He recently completed his term as Chairman of the Federation of Associations of Regulatory Boards.

Mr. Bishop joined NASBA in January 2007, having previously served as Executive Director of the Missouri State Board of Accountancy. He had been Assistant Director of the Missouri Department of Public Safety and had a long career in law enforcement. Among his many NASBA achievements, Mr. Bishop has been actively involved in promoting the adoption of mobility legislation (UAA Section 23) in close to all states, establishing CPA testing outside of the United States, and developing the Uniform CPA Examination’s contract extension with the AICPA.

President Costello told the NASBA Board: “NASBA has been blessed with terrific operating expertise. We had Lorraine Sachs set the foundation and Joe Cote built on that. We want to be sure that Joe’s expertise is going to be passed on to Ken Bishop. We will not miss a beat. Ken will add to NASBA’s strength as he brings his own approach to operations.”

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