ICAEW News

ICAEW News

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Originally dedicated to fighting the proposed merger of the ICAEW with CIMA and CIPFA, this site now provides news about the ICAEW

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Thursday, October 26, 2006

The Worst Kept Secret

The ICAEW have now officially confirmed what everyone already knew, namely that Michael Izza will become CEO of the ICAEW:

"Michael Izza has been appointed as the next chief executive of the Institute of Chartered Accountants in England & Wales (ICAEW)

He succeeds Eric Anstee who announced his retirement earlier in the year. Izza will take up his role on 6 December 2006.

Michael Izza is currently chief operating officer, executive director and a board member at the ICAEW, the largest professional accounting body in Europe and a £62 million income organisation representing 128,000 members.

Amongst his many achievements, Michael has played a major role in the development of the Institute's current strategy as well as driving forward the operational plan. Michael has also been responsible together with other executive directors for the day-to-day running of the ICAEW. Since January 2004 he has acted as deputy to the chief executive
."

Judging from the above, it seems that there will be no change to the current course that the ICAEW embarked upon under Eric Anstee. I will watch developments with interest.

To read the full release go to ICAEW CEO Appointed.

3 comments:

  1. Hopefully Izza will finish what Anstee started.

    ReplyDelete
  2. What a joke. I wonder how much we paid the headhunter on abortive fees and how much of a pay-off Izza will receive when the all too predicable fall from grace.

    I note that the Chairman of Spring group stated in 2000 that Izza had the "ability to find constructive and thoughtful solutions" ie not necessarily correct of viable ones.

    Coming after the Durgan fiasco and the merger mess I am investigating joining the Scots. They can't do anything worse with my subs.

    ReplyDelete
  3. James Chait

    ICAS have a reciprocal agreement with ICAEW in that you can join ICAS but you must maintain your ICAEW membership. This means you will be paying two subs per year. Of course, you could take the ICAS exams (an easy task for an ICAEW member) and on successful completion you could relinquish your ICAEW membership. This means you would only be paying one sub per year.

    In contrast, an ACCA, CIMA or CIPFA member (with 5 years PQE) can apply for membership of ICAEW. This is a non-reciprocal arrangement and the newly admitted ICAEW member can relinquish their ACCA, CIMA or CIPFA membership.

    Kind regards.

    Anon

    ReplyDelete