McKenna calls it a day at the FPA
Financial Planning Association (FPA) chief executive Michael McKenna is leaving office, 14 months short of his three year contract.
Financial Planning Association (FPA) chief executive Michael McKenna is leaving office, 14 months short of his three year contract.
The FPA made the announcement immediately after an unscheduled meeting of the board on June 16, which also saw the election of Melbourne CFP John Hewison to the role of FPA chairman.
In a press statement, the FPA says McKenna is bringing forward his retirement to “pursue other business and personal interests”.
McKenna is the third consecutive FPA chief executive to leave the association short of his term. Previous incumbent David Butcher resigned after only 16 months in the job, while his predecessor, Jock Rankin, left the association in controversial circumstances.
McKenna came to office in 1998 after more than a decade as executive director of the Australian Society of CPAs, a period in which he was a staunch critic of the FPA.
However, reigning FPA chairman, Ray Griffin says that during McKenna’s term of office: “The FPA developed a clear strategic vision and implemented important systems and processes.”
Incoming FPA chairman John Hewison says that when he takes over the role of chairman at the FPA’s annual convention in December, he will continue the work currently being done by the FPA.
“The FPA has set the agenda for increasing professional standards, ethics and education standards within financial planning,” he says.
Hewison is managing director of Hewison & Associates in South Yarra and currently serves as both an FPA board member and chair of the FPA’s finance committee.
McKenna will continue as chief executive until the position is filled.
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