CMA Bibhuti Bhusan Nayak has been elected as President of the Institute for the period 2024-2025.

He is a Fellow Member of the Institute of Cost Accountants of India. He retired as DGM (Finance) from Odisha Power Transmission Corporation Limited (OPTCL)/GRIDCO. Presently, he is a practicing Cost Accountant.

He is elected member of Council of the Institute for the term 2023-27.

He has been the Chairman of Bhubaneswar Chapter of ICMAI and associated with the profession for more than 25 years.

He has served the Eastern India Regional Council of ICMAI as Regional Council Member for the term 2019-2023 and as Chairman, EIRC-ICMAI for the year 2022-23.