The ICAEW have broken with tradition and appointed Jill May and Michael Stewart as the first non-accountant board members.
Jill May is an investment banker, with 13 years in mergers and acquisitions at S.G. Warburg & Co. and 10 years in strategic functions at UBS. Michael Stewart is the President and CEO of Edelman’s Europe and CIS region and is also a member of Edelman’s global executive committee.
“The appointments follow a review of the Board’s composition and are intended both to broaden its diversity of thinking and to bring expertise and experience not currently represented on the Board,” said the ICAEW in a statement.
ICAEW President Andrew Ratcliffe said the hope was to “ensure our Board reflects not just the interests of ICAEW members but also the society they serve”.
Both were appointed following a search process led by international executive search consultancy Fidelio Partners. The new board members took up their appointments in July.