Cathy Engelbert has been elected to the CEO post at Deloitte, “becoming the first female CEO of a major audit and consulting firm in the US,” according to the company, while Mike Fucci will become chairman of the Deloitte board. Both he and Engelbert will assume their new positions on March 11, 2015.
Engelbert, 50, who joined the company in 1986, currently serves as chairman and CEO of Deloitte & Touche, Deloitte’s U.S. accounting, auditing, and risk advisory, and leads the audit practice. She is a former member of the Deloitte board, and was a member of its strategic investment, finance committee, and its audit, risk, and regulatory and government relations committee, the statement notes.
Engelbert 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,” Punit Renjen, currently Deloitte board chairman, says in the statement. “Mike’s experience growing new practices and developing talent across the organization has helped Deloitte offer an unmatched portfolio of services.”
Fucci, 56, has been at Deloitte for more than 33 years, “leading the US Human Capital practice’s growth to more than $1 billion,” according to the statement. He has been a Deloitte board member since 2012, serving on its governance committee, and chairing its risk and regulatory committee.
“I’m deeply honored to lead Deloitte,” Engelbert says in the statement. “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.”
Deloitte is a member of Deloitte Touche Tohmatsu Ltd., a UK-based private company. Its CEO and chairman are elected every four years.
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