Gorur of Trintech Name XSB Chair

XBRL said it is anticipated he will fully assume the role of chair at the end of March. Mr. Gorur succeeds John Turner, chief executive officer of CoreFiling, who is retiring after serving as chair for three terms.

"As the global adoption of XBRL accelerates, the charter of the XBRL Standards Board – which is defining, updating and maintaining XBRL technical specifications – takes increasing importance," said Mr. Gorur in a statement.

He added that he looks forward to "leading XSB with a collaborative and market-based approach."

Mr. Gorur will continue heading Trintech's product leadership, including being responsible for strategy, product marketing and development efforts for Trintech's Unity Xtensible Financial Reporting (XFR) solution, which includes embedded support for the report tagging and output of financial statements with XBRL.

Prior to his current role at Trintech, Mr. Gorur was a key member of the XBRL leadership team at Microsoft for more than five years, where he was instrumental in crafting and executing on the XBRL product strategy.

XBRL said he was a key contributor to Microsoft Investor Central, and led the Microsoft product team responsible for incubating a new SaaS-based XBRL product line. Mr. Gorur has held product leadership positions at i2 technologies, IBM, and One Network.

"XBRL International, Inc. is pleased to have Mr. Gorur as the next chair for the XBRL Standards Board. We are confident he will continue the important work of the Standards Board with a focus toward market requirements and sound project management practices," stated Anthony Fragnito, XBRL International, chief executive officer.

Information on the XSB is online at www.xbrl.org/StandardsBoard/ .

XBRL International, Inc. (XII) said it has over 500 global members who are part of its effort to develop of technical standards and XBRL which it seeks to make the business and financial reporting standard.