Mike McKeon, president of ICAS (The Institute of Chartered Accountants of Scotland), has been confirmed as the new chair of CCAB (Consultative Committee of Accountancy
In his role, McKeon will take leadership of the group representing the main UK accountancy bodies, which has a combined membership of over 380,000 professional accountants Worldwide. He takes over the role from John Cullen, chair of ACCA’s Standards Board and partner and insolvency practitioner at Menzies.
McKeon qualified as a CA with Price Waterhouse in Edinburgh, moving to Paris after qualification. He has extensive international business experience, having worked overseas for over 14 years for CarnaudMetalbox, Elf Atochem and Price Waterhouse. He returned to the UK in 1997 working for Rolls Royce plc from 1997 to 2000 in various senior roles including finance director of the Aerospace Group.
He is also a non-executive director and chair of the audit committee at National Express Group plc and holds similar positions at a privately held real estate company based in Prague, Czech Republic. He was senior independent director and chair of the audit committee of The Merchants Trust Plc between 2008 and 2017.
He retired as an executive director and CFO of FTSE 100 Severn Trent in March 2015 having served almost 10 years in the role and a total of 15 years as a public company CFO.
McKeon has been chair of the ICAS Brexit Advisory Group, the ICAS Oversight Board and the ICAS Policy Leadership Board. He was also vice chair of the ICAS Working Party on ‘The Future of Assurance’.
McKeon said: “The business and accountancy world is facing unprecedented challenges, and an important focus for me will be to work on rebuilding public trust in our profession. Accountants are also seeing the way they work change, as the adoption of new technologies such as AI and blockchain become more common in the workplace.
“It is vital that the profession and those working in it evolves alongside these advancements and embraces the opportunities that technology provides. I intend to continue supporting the future development of the accountancy profession in the UK as it goes through these changes.”