Two Members Appointed to District Audit Committee

BEACHWOOD, OH – The Beachwood Board of Education voted unanimously to appoint community members Josh Hancher and David Ostro to the district’s audit committee. Hancher's term is effective through December 31, 2028, while Ostro’s term ends December 31, 2029.

Hancher has extensive experience in banking, capital management, and financial oversight. He began his career at KeyBank during the financial crisis before relocating to New York in 2012 where he served as the U.S. Head of Capital Management at Deutsche Bank and later as a Director at Citibank where he oversaw remediation of the bank’s capital risk appetite framework. He currently works in bank supervision at the Federal Reserve Bank of Cleveland. Hancher moved to Beachwood in 2024 with his wife, Jennifer, and two daughters who attend Hilltop and Bryden. He holds a degree in economics from Indiana University and is a Chartered Financial Analyst (CFA) Charterholder. 

Ostro is a lifelong resident of Beachwood and a 1975 graduate of Beachwood High School. He brings extensive financial and governance experience to the role, having retired as Vice President/Treasurer of Parker Hannifin Corporation. Previously, he served on the Beachwood Board of Education from 2000-2014, including three terms as Board President, and has served as a member and chair of the district’s audit committee since 2016. He and his wife, Hermine, have two sons who are graduates of Beachwood High School.

“We thank Mr. Ostro for continuing his service on the committee and we welcome Mr. Hancher,” Board of Education President Megan Walsh said at the Board meeting. “We are thankful to both of them for serving in this capacity for the district.”

The district also extends its sincere appreciation to Maria Bennett for her years of dedicated service and support on the audit committee.

The audit committee provides oversight of financial reporting and internal controls to ensure transparency and accountability in the district’s financial operations. In addition to Mr. Hancher and Mr. Ostro, the committee includes community member Jeremy Banchek, board member Dr. Josephine Chan, and Treasurer Matthew Brown. Superintendent Dr. Robert Hardis serves as an ex-officio member.