His promotion to frontrunner follows the decision by Peter Littlewood, a senior executive at confectionery giant Mars, to pull out of the running – Littlewood had been seen as the man most likely to succeed Adam Crozier, who resigned towards the end of last year.
A former midfielder with Tranmere Rovers during the 1970s and 1980s, Palios later turned to a career in accounting, becoming a business regeneration specialist at PricewaterhouseCoopers, following time spent at Ernst & Young.
Palios could be up against the FA’s current communications and marketing director, Paul Barber.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements