CIMA members have elected David Stanford as their 84th president at the accountancy body's AGM, held in London on 2 June.
Stanford brings 50 years’ worth of experience to the position. Leaving school at 16 he started his career as a cost clerk for rubber goods manufacturer Uniroyal in Edinburgh, before qualifying as a management accountant in 1973.
His career in accountancy included a number of senior finance roles in electronics and retail, punctuated by spells as a nightclub owner in the 1970s and running a jewellery business a decade later.
After retirement Stanford went on to prove that accountants can be good with letters as well as numbers by reaching the final of TV quiz show Countdown in 2014.
Deputy president for the past year, Stanford moves to the top job at a time of huge change for the accountancy body as it seeks to drive its new global association following a partnership with the American Institute of Certified Public Accountants (AICPA).
Over the course of a one-year term he will be responsible for overseeing the governance of CIMA around the world, and promoting management accounting and the new Chartered Global Management Accountant (CGMA) designation.
Stanford will also work to advance the new body – the Association of International Certified Professional Accountants – formed at the start of 2017 by CIMA and the AICPA.
Commenting on his appointment Stanford said: “I am privileged to become CIMA president at such a key time in our history. CIMA joining forces with the AICPA will take accounting to a new and dynamic level, by providing highly-skilled accountants with the knowledge, insight and drive to meet the demands of today and the challenges of tomorrow”.
CIMA also announced that in 2016 its membership grew by three per cent from 2015 to more than 106,000, gaining 34,000 more students through the year.
Other appointments ratified at the CIMA AGM include:
- 2016-17 CIMA president Andrew Miskin FCMA CGMA became immediate past president
- Former Network Rail and NHS director Steve Swientozielskyj FCMA CGMA was elected as deputy president
- CIMA Council representative for the Americas Amal Ratnayake FCMA CGMA is the new vice president
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