Early ACT member takes top position.

Following the retirement of its current chief executive, Richard Raeburn, the Association of Corporate Treasurers (ACT) has appointed Stuart Siddall as his successor with effect from 1 January 2009.

Siddall is a fellow of the ACT, having been in the very first group to take the ACT's professional qualifications when they were launched in the mid 1980s. After his early career in accounting and financial roles he was treasurer of BICC and has subsequently been finance director of several organisations, most recently at Amec. During his time there the company entered the FTSE 100.

He said: "Over the last three decades the ACT has grown to be highly respected in the UK and internationally. The ACT provides qualifications and training which are essential components in the toolkit for professionals working within or alongside finance and banking. After so many years as a finance practitioner I am very privileged to have the opportunity to join the ACT as its chief executive."