IFAC begins search for next CEO

A CHIEF EXECUTIVE is being hunted down by the global accountancy body International Federation of Accountants (IFAC).

The body is looking for a successor to current CEO Ian Ball (pictured) whose contract is due to expire in February 2013 and is not seeking another term.

IFAC has decided it wants an early start on the process to allow for a comprehensive search, board approval and an adequate handover period.

The right candidate will be based in New York have responsibility for developing and articulating policy, implementing projects and working with IFACs other member bodies.

Ball joined IFAC in March 2002 having formerly worked as the body's chair of public sector committee, professor of accounting and public policy at Victoria University, a senior official in the New Zealand treasury and a consultant.

"I am privileged to have led IFAC and the accountancy profession for nearly a decade and I am very proud of what we have achieved. I look forward to serving IFAC for the remainder of my term," said Ball.

"However, for me personally, it will then be time to look to new professional challenges and also to devote some more time to family and to activities outside the profession."

Korn/Ferry have been drafted in to handle the recruitment process on behalf of the body, which has members in 125 countries.

"During his tenure as CEO, Ian's dedication and expertise steered a steady course, even in particularly challenging times such as the Enron crisis and the current global financial crisis," said IFAC president Göran Tidström.