William Duhnke, a longtime Republican Senate aide, just got a significant pay bump.

The U.S. Securities and Exchange Commission named him Tuesday to lead the Public Company Accounting Oversight Board (PCAOB), the front-line regulator of U.S. accounting firms, a job that pays $673,000 per year. As a key staff member for former Senate Banking Committee Chairman Richard Shelby, Duhnke has knowledge of financial issues, but he lacks any experience in the auditing profession.

Duhnke will replace James Doty, who has run the PCAOB since 2011. He was named along with J. Robert Brown, Kathleen M. Hamm, James G. Kaiser, and Duane M. DesParte, who will serve as board members, the SEC said in a statement.

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