The Defense Department announced yesterday that Michael Bayer will continue to serve as the Defense Business Board’s chairman, with John Goodman serving as vice chairman.

Established in 2002, DBB is a federal advisory board that conducts studies and provides DoD leaders advice on best business practices.

The board is comprised of members selected from large-enterprise businesses with expertise in governing large, complex, private sector corporations or entities. They are recognized for their top-level, global business experience in the areas of executive management, corporate governance, audit and finance, human resources and compensation, economics, technology and health care.