CMA Bibhuti Bhusan Nayak Elected as 67th President of ICMAI
| Category | Details |
|---|---|
| Event | CMA Bibhuti Bhusan Nayak elected as the 67th President of ICMAI for 2024-2025 term. |
| Person Elected | CMA Bibhuti Bhusan Nayak |
| Affiliation | Fellow Member of the Institute of Cost Accountants of India (ICMAI) |
| Professional Background | Retired as Deputy General Manager (Finance) from Odisha Power Transmission Corporation Limited (OPTCL); currently a practicing Cost Accountant. |
| Experience | Over 30 years in finance and cost accountancy; Chairman of Bhubaneswar Chapter (2015-16); Chairman of Eastern India Regional Council (EIRC) (2022-2023); Council member (2023-27); Vice President (2023-24). |
| Significance | Third Cost Accountant from Odisha to hold the position of ICMAI President. |
| ICMAI Overview | Established on 28 May 1959 under the Cost and Works Accountants Act, 1959. Regulates cost and management accounting in India. Operates under the Union Ministry of Corporate Affairs. Second-largest globally, largest in Asia. Headquarters in Kolkata, West Bengal. 113 Chapters in India, 10 overseas Centers. Founding member of IFAC, CAPA, and SAFA. |
| New Vice President | TCA Srinivasa Prasad elected as Vice President for 2024-25. |
| Election Date | 22 July 2024 |
| Election Venue | New Delhi |