The Financial Industry Regulatory Authority has elected two Governors to its 22-member board, one from among the small firms and one from among the large firms. These two newly elected Governors begin their terms immediately.

The Small Firm Governor is Ken Norensberg, chief operating officer of Tritaurian Capital.

Elected in August 2010, Norensberg has served as a small firm Governor for the past year.

The Large Firm Governor is Sallie Krawcheck, president of global wealth and investment management for Bank of America. Krawcheck replaces FINRA Board member Richard Brueckner, who had served as a large firm Governor on the FINRA Board since its inception in 2007.

Jack Brennan, Chairman Emeritus of The Vanguard Group, was elected by the board in July to serve a one-year term as Lead Governor, replacing departing Lead Governor Brueckner.

Five individuals also were recently re-appointed to the board, including four public members. They include:

Floor Member Representative: John Dolan, Knight Capital Americas

Public Governors: Charles Bowsher, Former U.S. Comptroller General; James Burton, California Strategies; Harvey Goldschmid, Columbia University Law School; and Kurt Stocker, Northwestern University.

Governors are appointed or elected to three-year terms and may not serve more than two consecutive terms.