Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
The ICAEW has announced the appointment of Peter Wyman CBE as the first externally appointed chair of its board.
Wyman has a “wealth” of senior experience in the public and private sectors and was selected following an “open and rigorous” recruitment process. He will start the role in October and will serve for an initial three-year term.
The ICAEW said the need for an independent chair was one of the first recommendations of a comprehensive review launched in 2020, with the aim of modernising the institute’s governance.
Until now, the ICAEW board has been chaired by the elected ICAEW president, who is a member of ICAEW Council and changes each year.
In his new role as chair, Wyman will oversee the implementation of further governance reforms approved by ICAEW Council, including changes to the composition of the board.
Mark Rhys, ICAEW president, said: “We are delighted to have Peter as ICAEW’s first independent chair of the board, and we greatly value the experience he will bring to this vital position. I look forward to working with Peter as we transition to his leadership of the board.”
Julia Penny, immediate past president and chair of the recruiting panel, added: “Peter is a highly skilled and experienced chair, having worked for many years with complex organisations in heavily regulated environments. I am confident that he will lead the Board through this period of change, the goal of which is an ICAEW that is stronger and more agile, and better able to serve the public interest and support its members.”
Wyman said: “I have been a passionate advocate for my profession and my professional body, the ICAEW, all my working life. After a gap of some 14 years, it is great to be involved again and to be able to contribute to this important new development in the governance of the Institute.”
