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  • Admitted to ICAEW: 1983
  • Joined Council:2021
  • Elected Constituency: USA (Central, South and West Coast) and Central and South America


Philip Varley graduated as a Chemical Engineer from Imperial College London in 1979, where he now has the honour of serving on their Strategic Advisory Board. He qualified as a Chartered Accountant in 1982, and after working for Arthur Andersen in London, moved to the United States and became a CPA in Colorado in 1986.

When he left public practice as an audit manager, he joined a US software company as their International Controller, bringing him back to Europe for half the year! He then spent four years as Division Finance Director for a Fortune 100 company, before joining the internet start-up world.

In 2001 he began focussing on turn-arounds for private equity groups and wrote about his insights in the book 'Failure Is Not An Option' published in 2012. Shortly thereafter he was appointed CFO of a NASDAQ technology company.

He has held visiting professorship roles at Colorado Universities, and has spoken on financial excellence at Financial Executive conferences.

He now serves on a number of Boards, and is a private pilot.

Declaration of Interests

Membership of, or interests in, formal bodies or groups, including other professional bodies

  • Member, Financial Executive International
  • Member, Turnaround Management Association
  • Member, Chartered Accountants Worldwide (formally Association of Chartered Accountants in the US)
  • Observer, Denver Chapter Head and US Board

Membership of ICAEW Council, ICAEW Board and other ICAEW Committees

  • Council

Partnerships, Directorships or beneficial interests in companies

  • Member, Strategic Advisory Board, Department of Chemical Engineering, Imperial College London
  • Director, Ken-Caryl Ranch Water and Sanitation District (a Colorado Governmental entity)
  • Director, Ken-Caryl Ranch Master Association

Professional or social relationships with individuals who have business relationships or who compete with ICAEW

  • US CPA

Any other matters you feel should be identified


Philip Varley