Deloitte appoints first Asian Global CEO

Tuesday, 24 February 2015 00:36 - - {{hitsCtrl.values.hits}}

New York: Deloitte Touche Tohmatsu Ltd. (Deloitte Global) announced that Punit Renjen, currently Deloitte US member firm Chairman of the Board, has been selected as Deloitte Global’s new Chief Executive Officer. Renjen will assume the new role on 1 June, the start of Deloitte Global’s new fiscal year. The Deloitte network is composed of 47 member firms, operating in 150 countries, and employing more than 210,000 people worldwide. “I am honoured to have been elected as Deloitte Global’s next CEO. It is a privilege to be part of an organisation that delivers high quality services and innovative solutions to the best clients, develops the most talented professionals into leaders and does its part to improve the societies in which

we operate,” said Renjen. “We are an organisation led by a purpose – to make a positive, meaningful impact that matters to everyone Deloitte touches. I will do my best to serve the network by helping enable our leaders and people to fulfil their passion to make a difference.” Renjen succeeds Barry Salzberg, who will retire from Deloitte Global at the end of its fiscal year (31 May 2015) and become a member of the full time faculty of Columbia Business School as a professor of professional practice. Salzberg also plans to serve on public company boards. Renjen’s leadership appointment is part of a rigorous and comprehensive nomination and member firm partner ratification process that occurs every four years and includes all member firms of the Deloitte worldwide network. “I can think of no one better to lead Deloitte Global. Punit’s experience as chairman of our US firm—the largest and most complex in our network—combined with his 28-year career with Deloitte and strong core values— make Punit the perfect choice to lead Deloitte Global,” said Barry Salzberg, Deloitte Global CEO. Prior to his role as US Chairman, Renjen served as Chairman and CEO of Deloitte Consulting LLP in the US. During his tenure as US Consulting CEO, the consulting practice experienced tremendous growth despite an ongoing recession, helping Deloitte Consulting LLP become one of the largest consulting providers according to leading analysts’ rankings. Renjen is also a recognised leader in mergers & acquisitions (M&A), assisting clients through the entire M&A lifecycle. Renjen grew up in India and holds a bachelor’s degree with honours and a master’s degree in management with honours from Willamette University. SJMS Associates represents Deloitte in Sri Lanka as an independent correspondent firm that provides services that assist the growth and competitiveness of businesses, including assurance and advisory, tax and financial advisory services, consulting, restructure and corporate recovery services.