Charles Boucher is leaving his post as chief information officer of the Securities and Exchange Commission, after 19 months.
Boucher intends to pursue not-for profit work and complete studies to be ordained as a deacon in church, the SEC said, in a statement. The decision to leave was Boucher's, the statement said.
The SEC did not immediately indicate what the selection process or timing for finding a successor will be. Boucher's last day on the job is Friday, July 16.
Boucher had served as CIO since December 2008, managing all of the SEC's information technology programs and systems including application development, infrastructure operations, enterprise architecture, security, and user support.
He served as CIO as the credit crisis gained steam -- as did the Ponzi schemed scandal involving Bernard Madoff, now jailed. Boucher in March said that the Office of Information Technology's most important initiative following the financial crisis and Madoff scandal woud be how it handles complaints coming into the agency.
"We get thousands of tips and complaints," he told Securities Technology Monitor (formerly Securities Industry News). "In the past, sharing [of these at the SEC] was not as organized as it could have been."
"Charlie has played an important role in building a platform to implement our new system for reviewing complaints, tips and investigative leads provided by whistleblowers or other sources," said SEC Chairman Mary L. Schapiro.
Boucher also made converting financial statements into "interactive data'' through the use of the eXtensible Business Reporting Language a priority.
The agency is working to "get information to be a lot more structured. Part of EDGAR is to simplify forms and schedules that people file with us,'' he said.
Boucher and his staff in the Office of Information Technology work with the agency's divisions and offices to incorporate technology into all SEC programs to serve investors, maintain orderly markets, and promote capital formation.
OIT operates the EDGAR system, which provides investors with access to millions of public company financial statements and other corporate filings.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access