LONG-SERVING CIPFA chief executive Steve Freer is to step down.
Freer has served as the institute's chief executive for more than 12 years. He will leave CIPFA during the next 12 months.
"It is a tough decision for me to take. It's a brilliant job and a great organisation. I really have enjoyed every moment," said Freer.
"CIPFA and its members make such an important contribution to the public services, never more so than in the current climate of austerity. In my view, our members are handling some of the most challenging roles in the profession, and doing so with amazing skill.
"But I think it is time for me to hand over the reins to a successor who I am sure will bring fresh ideas to drive our agenda forward."
Freer sits at number 28 in Accountancy Age's 2012 Financial Power List, in part due to CIPFA's "Fixing our Foundations" launch to deliver strong outcomes to public financial management.
Sir Tony Redmond, CIPFA president, said: "I am sure members will join me in expressing their deep appreciation to Steve for his tremendous contribution to the Institute and its affairs over the past twelve years as chief executive.
"He has been the driving force and a major influence behind many of CIPFA's very considerable achievements during his tenure. On behalf of the Institute I would like to express my sincere gratitude for his exceptional work, delivered tirelessly, in public finance and accountancy and wish him well in whatever he chooses to do next."
Details on the process for appointing Freer's successor will be available in "due course", CIPFA added.
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