On May 9, the Securities and Exchange Commission announced that William H. Hinman will be named the new director of the SEC’s Division of Corporation Finance. Mr. Hinman was most recently a partner at Simpson Thacher & Bartlett LLP, where he advised public and private companies in corporate finance matters and boards of directors on public reporting, governance and other corporate matters. Newly sworn-in SEC Chairman Jay Clayton noted that, given Mr. Hinman’s experience, “he understands the SEC’s mission to promote capital formation, while ensuring that investors have the information necessary to make informed decisions.”

The SEC’s press release regarding Mr. Hinman’s appointment is available here.