People Moves

ICAEW names Julia Penny as president

She was first elected to ICAEW council in 2013 and has been an ICAEW board member since 2017

The ICAEW has announced that Julia Penny has been appointed as its new president for 2022/23.

Penny succeeds William Brooks in the role and will serve a one-year term until 2023, when she will hand over to Mark Rhys. She was first elected to ICAEW council in 2013 and has been an ICAEW board member since 2017. 

As ICAEW’s fourth female president, Penny is said to be “particularly passionate” about achieving greater diversity of talent within chartered accountancy and making the profession more inclusive. She also wants to advocate globally for ICAEW members to lead the transition to net zero. 

Penny qualified as an ICAEW Chartered Accountant in 1989 and soon began a training role, initially teaching students and later moving into CPD training and technical roles. She specialises in audit, financial reporting and anti-money laundering and has worked for a diverse range of organisations, including Wolters Kluwer, Wilmington plc, Chantrey Vellacott and Baker Tilly (now RSM). Alongside a variety of other work, she runs her own consultancy practice, JS Penny Consulting.  

Penny said: “When I set out to become a chartered accountant, I had little insight into the potential for the profession to be such a positive force for societal and environmental change. But chartered accountants can lead the transition to net zero, helping businesses to identify the changes necessary and providing assurance on green reporting. 

“We can also improve social mobility and champion greater inclusivity and diversity. Better decisions are made when we have more views around the table. Our professional qualification opens the door for individuals from all backgrounds to a seat around that table.”

She added: “While our members work in many different roles, as auditors, accountants, business leaders, academics and advisors, ultimately, chartered accountants help create strong and sustainable economies and I am honoured to be able to serve as president.”

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