Cathy Engelbert has been elected CEO of Deloitte LLP, becoming the first female CEO of a major audit and consulting firm in the U.S, and Mike Fucci has been elected to the position of Chairman of the Board of Deloitte. They both begin their new roles on March 11.
"Cathy has a strong track record of advising some of the firm's leading clients, and working with regulators to advance our industry-leading Audit practice," says Punit Renjen, currently Chairman of the Board of Deloitte LLP. "Mike's experience growing new practices and developing talent across the organization has helped Deloitte offer an unmatched portfolio of services. I am confident they will lead with distinction, helping Deloitte continue to drive impact that matters."
Engelbert currently serves as chairman and CEO of Deloitte & Touche LLP, the U.S. accounting, auditing and risk advisory subsidiary of Deloitte LLP, leading the Audit practice. Since joining Deloitte in 1986, Engelbert has had a distinguished track record serving several of Deloitte's largest and most complex global clients and is a former member of the Deloitte LLP Board of Directors.
"I'm deeply honored to lead Deloitte," said Engelbert. "I look forward to collaborating with all our people to continue to lead our profession in quality and innovation. Together, we make an impact that matters every day for our clients, the capital markets, communities and society."
Meanwhile, for more than three decades, Fucci has been a practitioner and principal at Deloitte. During his career, Fucci led the U.S. Human Capital practice's growth to over $1 billion. In 2009 he took responsibility for all Consulting service areas during a significant economic downturn. Under his leadership, Consulting's service areas thrived and have been among the U.S. firms' top performing business units. Fucci has been a member of the Deloitte LLP Board of Directors since 2012, serving on its Governance Committee, and chairing its Risk and Regulatory Committee.
"I am humbled by this rare privilege to represent my colleagues as chairman of the Board," said Fucci. "I appreciate the full scope of this responsibility, and I look forward to leading our Board of Directors in executing our charter of governance and oversight. Through constructive and candid dialogue with Cathy, her management team, as well as among our partnership, together we can continue to increase Deloitte's meaningful impact on all our stakeholders."
In 2008. Fucci was named one of Consulting magazine's "Top 25 Consultants" list for his work with clients and leadership excellence.
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