SEC's White Exits, Returns To Law Firm

John W. White, director of the SEC's Division of Corporation Finance, will leave the agency at the end of this year and return to Cravath, Swaine & Moore LLP as a partner, both entities announced today.

White joined the SEC in 2006 and worked to improve the agency's rules to help investors get a more transparent look into the companies they may invest in.

“John White’s leadership of the Division of Corporation Finance has resulted in many substantial achievements for investor protection,” SEC Chairman Chris Cox said in a statement. “Thanks to his visionary work, investors for the first time are able to see the full amount that top executives are paid, and they are gaining far greater access to corporate disclosure through the introduction of interactive data and the availability of searchable information on the Web for proxy statements and other filings."

White had been a partner at Cravath, Swaine & Moore for 25 years before coming to the SEC.

-- Frank Ahrens

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