Sir Brian Souter to take over as Icas chief

Sir Brian Souter. Picture: Michael Gillen

Sir Brian Souter. Picture: Michael Gillen

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TRANSPORT tycoon Sir Brian Souter is on track to become president of the Institute of Chartered Accountants of Scotland (Icas) after emerging as the sole nominee for the position of vice-president on the accounting trade body.

The Stagecoach co-founder, who is a chartered accountant, is set to succeed current vice-president Ken McHattie at the Icas annual meeting next month, when Clydesdale Bank chairman Jim Pettigrew is expected to take the top role.

If elected, Souter is likely to become president of the organisation – which has more than 20,000 members around the world – in 2017.

“This is a unique opportunity for me to repay some of the debt I owe to Icas for the excell­ent training I received as a young man, and I hope I will be able to encourage more young people to enter the profession,” said Souter, who founded Stagecoach in 1980 with his sister, Ann Gloag.

Souter was succeeded as Stagecoach chief executive by former finance director Martin Griffiths in 2013 but remains as chairman of the Perth-based group, which has annual revenues of almost £3 billion.

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