The Institute of Chartered Accountants in England and Wales (ICAEW) has appointed Julia Penny as its president.

Penny will serve a one-year term until 2023, when she will then had over the role to Mark Rhys. Penny was first elected to the ICAEW Council in 2013 and has been an ICAEW board member since 2017.

Commenting on her appointment, Penny said: “When I set out to become a chartered accountant, I had little insight into the potential for the profession to be such a positive force for societal and environmental change. But chartered accountants can lead the transition to net zero, helping businesses to identify the changes necessary and providing assurance on green reporting.

“We can also improve social mobility and champion greater inclusivity and diversity. Better decisions are made when we have more views around the table. Our professional qualification opens the door for individuals from all backgrounds to a seat around that table.

“While our members work in many different roles, as auditors, accountants, business leaders, academics and advisors, ultimately, chartered accountants help create strong and sustainable economies and I am honoured to be able to serve as President.”

Penny is ICAEW’s fourth female president and is passionate about achieving greater diversity of talent within chartered accountancy and making the profession more inclusive.

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