By Vicki Needham - 05/21/10 10:05 PM EDT
Kenneth Johnson will permanently take over as chief financial officer of the Securities and Exchange Commission.
The 37-year-old Johnson will lead the SEC's Office of Financial Management, which handles the budget, finance and accounting operations for the federal regulator, Chairman Mary Schapiro announced Friday.
"His deep experience in the financial arena will be incredibly valuable as we grow as an agency," Schapiro said in a release.
Johnson said he is "deeply committed to strong financial management, and I'm proud to lead the agency's initiatives in this area."
He joined the SEC in 2003 as a management analyst in the Office of the Executive Director, advising on the budget process and responded to inquiries from the Office of Management and Budget and Congress in regards to the agency's budget. In 2006, he became chief management analyst.
Previously he worked as a commerce analyst at the Congressional Budget Office.