WASHINGTON–The Securities and Exchange Commission has announced that NCUA Chairman Kyle Hauptman has been appointed to the Public Company Accounting Oversight Board (PCAOB).
When the appointment is effective and when Hauptman might exit the agency has not been confirmed, and the CU Daily has reached out to the agency for comment. But in a post on LinkedIn, and in a subsequent announcement by the agency, Hauptman wrote, “I’ve got a new job lined up, although I won’t be leaving NCUA just yet (planning to stay till successor confirmed). Thank you to SEC Chairman Atkins for his confidence in me.”
During several recent board meetings and public appearances, Hauptman has made cryptic references to perhaps not being with NCUA much longer. He presided over the January meeting of the NCUA board last week.
Also being appointed to the PCAOB are Demetrios (Jim) Logothetis, as chairman, and Mark Calabria, and Steven Laughton as board members, along with Hauptman. George Botic will continue on the board member and will remain as acting chairman until Logothetis is sworn in, according to the SEC.
DCUC Responds:
“Kyle is an incredibly talented official, and I am confident of his continued wise judgment and success in this new appointment,” DCUC Chief Advocacy Officer Jason Stverak said in a statement. “He has left a record of success and leadership at the NCUA that [will] be hard to eclipse. On a personal note, I have known and worked with Kyle since we were both staffers in the U.S. Senate and have been an admirer of his dedication and work ethic.”
America’s Credit Unions Responds
“We congratulate NCUA Board Chair Hauptman on his appointment to the PCAOB,” Amercia’s Credit Unions President and CEO Scott Simpson said in a statement. “In his work on the NCUA board, Hauptman has prioritized effective oversight, right-sized regulations, and thoughtful modernizations to ensure a safe, stable credit union industry. These priorities are sure to continue in his new capacity. We look forward to continuing to work with Hauptman through the rest of his term at the NCUA.”
Highly Paid Board
According to the Wall Street Journal, which cited information from Thomson Reuters, members of the PCAO board are among some of the highest paid, with board members earning an average of $547,000 annually and the chairman earning $673,000.
For 2026, under pressure from the SEC and the administration to cut its budget by 20%–similar to what occurred at NCUA during 2025–the PCAOB proposed budget cuts that targeted a 20% reduction in board member pay to approximately $317,000-$323,000.
According to several sources, the NCUA chair and board members earn in the range of $165,000-$195,000 annually, but that has not been confirmed. Several members of the agency’s executive staff earn in excess of those amounts.
Hauptman’s term on the NCUA board expired in August of 2025, although it is not unusual for NCUA board members to serve as holdovers beyond their expired terms. He was appointed to the NCUA board in 2020 and elevated by President Trump to chairman in January 2025. He has been the lone member of the NCUA board since the president fired Democratic board members Todd Harper and Tanya Otsuka in April of 2025.
Harper and Otsuka are currently challenging their firings in court.
Prior to joining NCUA, Hauptman, who is to serve a term on the PCOAB ending on Oct. 24, 2029, Hauptman served on the Senate Banking Committee staff, as a staff director and as Economic Policy Counselor to a senator. He has also held positions at the American Enterprise Institute, Jefferies and Co., and Lehman Brothers.
About the PCAOB
The Sarbanes-Oxley Act of 2002 established the PCAOB to oversee the audits of public companies and broker-dealers in order to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports. According to the SEC, the PCAOB accomplishes these goals through registering public accounting firms, setting auditing standards, conducting inspections, and pursuing disciplinary actions.
“I am confident that this new board will usher in a new day at the PCAOB—one of sensible, efficient oversight of auditors,” said SEC Chairman Paul S. Atkins in a statement. “The newly appointed chairman and board members have already demonstrated a profound commitment to protecting investors and responsible use of such funds by accepting compensation much more in line with the ethos of public service. I look forward to working with this Board as it refocuses on the PCAOB’s core statutory mission—protecting investors and furthering the public interest in the preparation of informative, accurate, and independent audit reports.”
About the New Board Members
Logothetis, who will serve a term ending on Oct. 24, 2030, serves on the board of The Republic Bank of Chicago, where he chairs the audit committee, and on the advisory council of CrossCountry Consulting, a privately owned consultancy firm. In 2019, Logothetis retired from Ernst and Young (EY) after 40 years with the firm, during which time he served as the lead partner for several of EY’s largest clients. He held a number of leadership roles with the firm.
He also served as Senior Advisor in U.S. Department of Housing and Urban Development’s Office of the Assistant Secretary and CFO, where he led the Audit Coordination Committee for Ginnie Mae.
Calabria, who will serve a term ending on Oct. 24, 2027, is currently an associate director and chief statistician with the U.S. Office of Management and Budget and a senior advisor to the Office of the Director of the Consumer Financial Protection Bureau.
His prior service includes director of the Federal Housing Finance Agency, assistant to the vice president, deputy assistant secretary with the U.S. Department of Housing and Urban Development, and senior economist at the National Association of Realtors.
Laughton, who will serve a term ending on Oct. 24, 2026, is currently board counsel to PCAOB Board Member Christina Ho. Prior to joining the PCAOB in 2022, he spent more than 30 years with the U.S. Department of the Treasury. His roles at the Treasury Department included senior counsel to the general counsel, where he helped establish the Paycheck Protection Program, and assistant general counsel, where he supervised more than 50 attorneys and staff and advised on a wide range of matters, including cybersecurity, consumer financial policy, disclosure, privacy, and advisory committees.
