Andrew Hunter to leave next year after five years running the body in the wake of the Alex Malley affair.
CPA Australia CEO quits to pursue career in Europe
CPA Australia CEO Andrew Hunter has resigned to pursue career ambitions in Europe after five years at the helm of the professional body.
Mr Hunter gave CPA Australia advance notice that he would leave by 31 March 2024 and the board has already engaged executive recruitment firm Russell Reynolds Associates to begin looking for a replacement.
Mr Hunter was appointed CEO early in April 2018 in the wake of the Alex Malley affair. The previous CEO was removed following outcries over his misuse of CPA Australia funds for self-promotion and $1.8 million salary.
The scandal resulted in the ousting of the CPA Australia board and the incoming members appointed Mr Hunter to the role.
The board paid thanks to Mr Hunter “for his strong leadership” during the “difficult period of restoring member pride in the CPA designation and trust in the organisation”.
It said last year’s annual survey showed member satisfaction at 7.08, its highest point since it was first measured in 2014.
It also praised his leadership during the Covid pandemic.
“Andrew showed a willingness to take risks, move forward and demonstrate compassion for CPA Australia members and our people,” the board said.
“Andrew has also led the development of our ambitious new five-year strategy 2022-27 to equip members with skills for the future.”
President and chair Merran Kelsall said Mr Hunter “leaves with our deepest gratitude for his many contributions”.
“By providing advance notice of his departure, Andrew has enabled the board to prepare for the important task of searching for a new CEO.”
CPA Australia said would aim to announce a replacement before the end of this year.
Mr Hunter, who is not an accountant, previously worked in Europe from 2003-10 and spent two decades at Macquarie Group including as head of Macquarie Capital Europe, Middle East and Africa.
Mr Hunter said CPA Australia was a “tremendous organisation” that provided tireless support to members and the broader accounting profession.
“I am proud to have played my part in serving members and the accounting profession,” he said.
“I’m confident I’m leaving the organisation in great shape with a clear vision which will equip members with the skills they need for the future.”