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CEO Outlook: Leading a not-for-profit with purpose, with Averil Power, Irish Cancer Society
In this episode of The EY CEO Outlook podcast series, Averil Power of the Irish Cancer Society tells host Richard Curran about her unconventional childhood, her love of business and law, and the successful career she enjoyed in politics; and how they all came together to make her a highly driven and impactful leader in the non-profit sector.
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ICON was founded in Ireland in 1990 by two doctors, with a staff of five people. Today, ICON is the largest contract research organisation (CRO) in the world, with a workforce of 38,000 across 47 countries, and a market capitalisation of $20bn. This extraordinary growth has made the company one of the key Irish business success stories of recent years.
Steve Cutler became CEO of ICON in 2017 and has overseen a period of intense scale in the size and value of the company. The $12bn acquisition of a competitor company and ICON’s involvement in the development of the Pfizer-BioNTech vaccine have been two key drivers of this growth.
They also talk about:
Cutler’s approach to managing a workforce of 38,000 people - “you appoint really good people in key positions and you let them get on with it…my aim is to get out of their way”.
Why ICON’s Irish roots are core to the global company culture.
How clinical trials work and why altruism not profit drives them forward.
Why Ireland’s corporate tax rate has been important to the company’s success.