SportBusiness.com

ICC search for first CFO

Cricket’s world governing body the International Cricket Council (ICC) has hired a recruitment agency to find its first chief financial officer in a bid to improve its business acumen.

The appointment forms part of the ICC's publicly stated strategy of building a high calibre team of professional executives to strengthen and develop its management of the international game.

Working from the ICC's commercial operation in Monaco, the CFO will report to London-based chief executive officer Malcolm Speed, with responsibility for a wide-ranging financial management brief, that will include control of all ICC financial interests, negotiation of commercial contracts, and devising budgets.

The international executive search will be co-ordinated by Russell Reynolds Associates, the consultancy that also fulfilled the assignment to recruit Malcolm Speed as the ICC's new CEO.

”The financial remit of the ICC has grown enormously since the signing of the World Sports Group/News Corporation agreement in June 2000, which guarantees the game a minimum income of $550million (B561.67m) up to the year 2007.

”That, together with the planned commercial expansion of the organisation, makes it essential that a top quality financial executive is recruited to manage this vital function,” said Speed.