Michael H. Sutton is a director of Krispy Kreme Corporation. Sutton was the Chief Accountant of the

U.S. Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

(SEC) from 1995 to 1998, and a director of

American International Group American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/amer ...

from 2005 to 2009.

Career

Sutton was the lead client services partner for

Haskins & Sells Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of profession ...

' General Motors engagement in 1984. Before his transfer to the Detroit office, Sutton was at the firm's Executive Office in New York as Partner in Charge of Accounting Research group. After ten years with Haskins & Sells (now Deloitte & Touche), Sutton became a senior partner in the firm. He continued serving audit clients as Engagement Partner and appointed Accounting and Auditing Coordinator for the Atlanta Office. In 1989, Sutton served on the transition team for combining the accounting and auditing professional activities of Deloitte Haskings & Sells and Touche Ross & Co. Following the merger, he became the National Director of the Accounting and Auditing Professional Practice for the firm. While at the SEC in the mid-1990s Sutton served as the principal advisor to the commission on Accounting and Auditing Matters with responsibility for formulating commission policy on Financial Accounting and Reporting by public companies. Sutton developed the Commission's program for participating in and monitoring the development of international accounting standards. He participated in the related activities of the International Organization of Securities Commissions and served as an IOSCO Observer to the International Accounting Standards Committee. In 1997, he prepared the Commission's report to Congress on progress in harmonizing accounting standards for use in cross-border filings. In 1997 he announced his intention to retire from the SEC. After retiring from his position as the SEC Chief Accountant in 1998, Sutton became a special, full-time consultant to the Financial Accounting Standards Board. Sutton became an independent consultant in April 1999 and served as a senior advisor to Deloitte Touche Tohmastsu and Deloitte & Touche USA on accounting and

capital market A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers t ...

regulation and related professional issues. Sutton was elected to the Board of Directors of Allegheny Energy, Inc. in 2004 and stayed with the company until 2011. From 2005 to 2009, Sutton served on the Board of Directors of

American International Group, Inc. American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/amer ...

He chose not to stand for re-election in 2009 and resigned from the audit committee as AIG came under public and regulatory scrutiny. He has been director of

Krispy Kreme Doughnuts Krispy Kreme, Inc. (previously Krispy Kreme Doughnuts, Inc.) is an American multinational doughnut company and List of coffeehouse chains, coffeehouse chain. Krispy Kreme was founded by Vernon Rudolph (1915–1973), who bought a yeast-raised r ...

since October 2004, where he also serves as Co-Chair of a Special Committee to conduct an independent investigation and is a member of the Audit Committee.

Other affiliations

Sutton has also served as a special, full-time consultant to the

Financial Accounting Standards Board The Financial Accounting Standards Board (FASB) is a private standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest. The Securi ...

. He earned his BS and MS degrees in accounting from the

University of Tennessee The University of Tennessee (officially The University of Tennessee, Knoxville; or UT Knoxville; UTK; or UT) is a public land-grant research university in Knoxville, Tennessee. Founded in 1794, two years before Tennessee became the 16th state, ...

References

{{DEFAULTSORT:Sutton, Michael H American International Group University of Tennessee alumni Living people Year of birth missing (living people)