The New Zealand Institute of Chartered Accountants has brought former Fonterra chief executive Craig Norgate on board to oversee a major merger between the organisation and its Aussie counterpart, the Institute of Chartered Accountants Australia.
The two organisations, which are the custodians of the Chartered Accountant designation in each country, today released details of a proposed new transtasman institute.
Norgate, who has been on the board of the NZICA for three years and took over as its chief executive in December, said he would head the 33,000 member organisation for around 12 months to "sort the future of the institute out".
"It does put my plans on hold for a year, but life's a long one," Norgate said.
NZICA president Liz Hickey said today's announcement marked a major milestone in the history of the two institutes.
"The proposed new institute will have the scale to significantly improve the education offering and tools that members access from their institute, while also enabling the sharing of knowledge and insight amongst members on both sides of the Tasman," Hickey said.