It's been the "honor of a lifetime," but after 11 years, Richard Chambers announced this week that he will step down as IIA president and CEO on March 31, 2021. From the depths of the financial crisis to the age of digital transformation, Chambers has led The Institute to membership and financial heights as it introduced innovative certifications and services.
Explaining the timing of his departure, Chambers noted that The IIA is at a critical juncture. "The association industry in general, and The IIA in particular, will likely look quite different post-COVID-19," he said. "I am confident a new CEO with fresh ideas and perspectives will ably execute bold, decisive, and agile strategies to address this new frontier."
Since Chambers became CEO in 2009, The IIA has launched several initiatives, including the Certification in Risk Management Assurance and Qualification in Internal Audit Leadership designations. The IIA also published research insights on the profession such as the Pulse of Internal Audit, OnRisk, and the American Corporate Governance Index. Moreover, The Institute established the Audit Executive Center, Public Sector Audit Center, Financial Services Audit Center, and Environmental, Health & Safety Audit Center.
"Richard has brought us through an incredible period of progress and stunning growth," said IIA Global Chair Jenitha John. "His passion and enthusiasm for internal auditing, and his global voice advocating for the value and importance of the profession, has elevated The IIA to incredible heights."
Over a 45-year career in internal auditing, Chambers served as inspector general of the Tennessee Valley Authority, deputy inspector general of the U.S. Post Office, and director of the U.S. Army Worldwide Internal Review Organization at the Pentagon. He has authored three books during his time at The IIA, including Lessons Learned on the Audit Trail, Trusted Advisors: Key Attributes of Outstanding Internal Auditors, and The Speed of Risk: Lessons Learned on the Audit Trail, 2nd Edition. He also writes the popular Chambers on the Profession blog on InternalAuditor.org.