The Mutual Fund Directors Forum has named Susan Ferris Wyderko as president and chief executive officer, replacing Forum founding President Allan Mostoff, who will retire on Dec. 31.

Wyderko joined the Forum in 2006 as executive director after serving as director of the Securities and Exchange Commission’s Office of Investor Education and Assistance. A 20-year veteran of the SEC, Wyderko also held a number of other positions, including acting director of the Division of Investment Management.

“Susan has proven herself to be a tireless champion of fund directors in the five years since she joined the Forum, and our members have benefited from her knowledge, leadership and experience during a tumultuous time for the financial services industry,” said Jameson A. Baxter, chairman of the board of director of the Forum. “We look forward to continuing our work with her as she steps into the president’s role that has been so ably filled by Allan since the Forum’s founding.”

The Forum, a nonprofit membership organization for investment company director, was founded in 1999 in response to then-SEC Chairman Arthur Levitt’s call to “help independent fund directors better understand the scope of their authority and responsibilities, and thereby enhance their ability to safeguard investors’ interests.”

Before founding the Forum, Mostoff founded the financial services practice at Dechert in 1976. He continues as counsel to the law firm. Prior to joining Dechert, Mostoff was director of the Division of Investment Management at the SEC.

-- This article first appeared on Money Management Executive.