SEC-PR-2412-200

“I want to thank Erik for his leadership of the Division of Corporation Finance,” said SEC Chair Gary Gensler. “During his time of service, we’ve adopted important reforms regarding corporate governance to better promote trust in the markets. We’ve adopted important reforms to enhance investors’ access to full, fair, and truthful information, a founding principle of our securities laws. I wish him very well in his next pursuits. I also want to thank Cicely for stepping up as Acting Director and for being a longstanding leader within the Division.”

Mr. Gerding joined the SEC in October 2021 as a Deputy Director of the Division of Corporation Finance, where he led Legal and Regulatory Policy. He became the Division’s Director in February 2023. In that role, Mr. Gerding led the Division as it recommended rules to the Commission on climate-related disclosures for investors; cybersecurity risk management, strategy, governance, and incident disclosure by public companies; and special purpose acquisition companies. During his tenure, the Division also implemented new or updated rules on beneficial ownership reporting, universal proxy, listing standards for clawbacks of erroneously awarded compensation, conflicts of interest in securitizations, “pay versus performance” executive compensation disclosures, and Rule 10b5-1 plans regarding when insiders can sell their shares.

“I am so proud to have served alongside the talented staff of the Division and the Commission who worked devotedly to fulfill our statutory mandate during some the most dynamic changes in capital markets in decades,” said Mr. Gerding. “My thanks to the Chair and the Commission for the trust they have placed in me and the support they have shown to the Division. I am humbled to have been a part of what I view as the crown jewel of the agency.”