UPDATE 1-Russell Golden appointed to FASB

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NEW YORK, Sept 17 (Reuters) - The Financial Accounting Foundation said on Friday that Russell Golden has been appointed to the Financial Accounting Standards Board, which sets U.S. accounting rules, effective Oct 1.

Golden will fill the board member vacancy on FASB resulting from the retirement of Robert Herz on Sept. 30, the foundation said in a statement. Before his appointment to the board, Golden was technical director of FASB.

As technical director, Golden was responsible for overseeing FASB staff work on all standard-setting projects. Before joining FASB, he was a partner at Deloitte & Touche LLP [DLTE.UL].

The foundation, which oversees the Norwalk, Connecticut-based FASB and selects members of its board, announced in August that Herz was resigning as chairman after eight years at the helm.

As previously announced, FASB member Leslie Seidman will serve as acting chairman as of Oct. 1 until a new chairman is named.

The foundation is also recruiting candidates for two additional board seats as it expands its membership from five to seven.

(Reporting by Dena Aubin; Editing by Lisa Von Ahn, Dave Zimmerman)