International Federation of Accountants CEO Ian Ball has stepped down after 10 years, but will continue in a volunteer capacity as principal advisor, while remaining a member of the board and chair of the working group of the International Integrated Reporting Council.

Succeeding him is Fayezul Choudhury, a former World Bank executive and member of the Public Interest Oversight Board (see IFAC Appoints Fayezul Choudhury as New CEO). Choudhury assumed the role of IFAC CEO on Feb. 1, 2013 with the expiration of Ball’s contract. IFAC announced his role as principal advisor on Friday.

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