Ernst & Young gets new Global Chairman and CEO

Ernst & Young this week announced that Mark Weinberger has been named its next Global Chairman and CEO. Weinberger will succeed current Global Chairman and CEO Jim Turley, who announced recently that he will retire on 30 June 2013, having led Ernst & Young since 2001.

Ernst & Young’s Global Executive and its Global Advisory Council, the organisation’s highest management and governance bodies, unanimously support Mark’s selection.  

Ernst & Young recently announced revenues of US$ 22.9 b for its fiscal year ended 30 June 2011 and a global headcount of 152,000 people in 144 countries.

Mark, 50, has had a distinguished career with a track record of leadership both inside and outside of Ernst & Young. He currently sits on the Global Executive, the firm’s highest governing body, and runs the organisation’s Global Tax practice.

Mark has previously served on the Americas Executive and U.S. Operating Committee and run the Americas Tax practice. He has been a senior advisory partner for many of the organisation’s largest clients and also serves on the Global Markets Executive and Global Public Policy Committees. Mark was the Assistant Secretary of the U.S. Treasury (Tax Policy) under President George W. Bush and he was appointed to the U.S. Social Security Advisory Board by President Clinton.

Mark says, “It is a privilege to be chosen to lead this great organisation. No doubt, these are challenging times as the world faces profound economic, geopolitical and demographic changes.  Ernst & Young is well positioned to play a constructive role assisting our clients, regulators and other stakeholders shape the future. I am proud of the important role Ernst & Young plays in the growth and efficient functioning of the global economy.

“Our role is to build trust and confidence in the world’s capital markets and help our clients to deliver on their promises to their stakeholders.  I am proud of the people at Ernst & Young who tirelessly bring value to our clients by providing quality service and sound advice in this complicated and challenging environment. I am committed to build on the strong foundation we have created.”