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Author: ICAEW Insights
Published: 24 Mar 2023
After a successful career in industry, Michael joined ICAEW in 2002 as executive director of finance and operations. He moved into the chief operating role two years later and then became Chief Executive in 2006.
A leading advocate for the reform of audit and corporate governance, Michael has often been a vocal commentator in the media, but also as a representative of the accountancy profession to politicians, policymakers and regulators.
His stewardship has seen significant growth, supporting ICAEW’s transition to an international organisation. Membership has grown by more than 30,000, while ACA student numbers have increased by 26,000, one-quarter of whom are based outside the UK.
“Michael has successfully led the transformation of the organisation to the world leader that it is today,” confirmed Julia Penny, ICAEW President and Chair of the ICAEW Board.
“He will be greatly missed by us all and we are very grateful for his dedication to the organisation and his many achievements during the past 21 years.”
In announcing his decision to retire from ICAEW by the end of 2023, Michael said: “I trained as a chartered accountant almost 40 years ago, and it has been an honour to be Chief Executive of ICAEW and to represent our profession across the world.
“I’d like to thank my colleagues, past and present, our members and students, and all our many volunteers for their support to me and their commitment to ICAEW. I am immensely proud of what we have achieved together, and I have no doubt that the Institute will continue to flourish after I leave.”
As someone who has consistently championed the importance of sustainability, even when discussing his retirement Michael could not help but look to the future. “I believe that chartered accountants have a vital role in helping society and the economy achieve net zero,” he said. “Our 2030 strategy positions ICAEW well for the future and I am confident that the best is yet to come.”
The ICAEW Board will shortly proceed with a formal search for a successor.
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