Peter 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 need for an independent Chair of the Board in ICAEW 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 role as Chair Peter 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."
Peter Wyman CBE 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."
Since leaving PwC in 2010, where he had been a partner and a member of the Global Executive, Peter has held a portfolio of non-executive appointments spanning the private, public and third sectors including currently being the Chair of NHS Blood and Transplant and an Independent Non-Executive Director of Pay.UK. He was a member of the ICAEW Council from 1991 to 2009 and President in 2002-03. He was awarded a CBE in the 2006 Queen's Birthday Honours for services to the accountancy profession.
Notes to editors:
Chartered accountants are talented, ethical and committed professionals. ICAEW represents more than 195,300 members and students around the world.
Founded in 1880, ICAEW has a long history of serving the public interest and we continue to work with governments, regulators and business leaders globally. And, as a world-leading improvement regulator, we supervise and monitor around 12,000 firms, holding them, and all ICAEW members and students, to the highest standards of professional competency and conduct.
We promote inclusivity, diversity and fairness and we give talented professionals the skills and values they need to build resilient businesses, economies and societies, while ensuring our planet’s resources are managed sustainably.
ICAEW is the first major professional body to be carbon neutral, demonstrating our commitment to tackle climate change and supporting UN Sustainable Development Goal 13.
ICAEW is a founding member of Chartered Accountants Worldwide (CAW), a global family that connects over 1.8m chartered accountants and students in more than 190 countries. Together, we support, develop and promote the role of chartered accountants as trusted business leaders, difference makers and advisers.
We believe that chartered accountancy can be a force for positive change. By sharing our insight, expertise and understanding we can help to create sustainable economies and a better future for all.