The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), have reappointed IASB Chairman Hans Hoogervorst to serve a second five-year term starting on 1 July 2016. In addition, the Trustees announced that current IASB Vice-Chairman Ian Mackintosh will be retiring from his position when his term expires on 30 June 2016.