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October 13, 2006 at 08:00 PM
Sarah Ball Teslik, who joined the CFP Board of Standards as CEO in 2004 and sparked many changes at the Board since then–along with strong reactions from many certificants–has resigned her position with the Board to become a senior VP of policy and governance at Apache Corp.
That’s a new position at Apache (NYSE, Nasdaq: APA), an oil exploration and development company that had 2005 earnings of $2.6 billion on revenue of $7.5 billion.
At Apache, where she will start work “in a few weeks,” said an Apache spokesman, and be based at company headquarters in Houston, Teslik will be expected to provide assistance in corporate governance. Her nearly 20 years spent as executive director of the Council of Institutional Investors in Washington appealed to Apache as well, said the spokesman, who noted that Raymond Plank, Apache’s founder and chairman, worked with the Council “for a number of years.”
IA Editor at Large Bob Clark addressed some of the controversies involving Teslik and the proposed Code of Ethics changes in his September column.
