Ernst & Young (EY) names Janet Truncale as CEO in a historic move. With this appointment, Truncale becomes the first female leader of a Big Four firm.
Details on Janet Truncale was named CEO of EY, making history as the first female CEO of a major four company
As to a report by Bloomberg, the accounting powerhouse with headquarters in London revealed that Truncale will succeed Carmine Di Sibio as of July 1.
In 2019, Di Sibio became the global chair and CEO. Prior to that, he worked for EY’s US financial services sector, where he provided services to clients like Goldman Sachs.
According to the official release, Truncale will take up her new role. Previously, she was the regional managing partner for EY’s financial services group, where she was responsible for 14,000 professionals.
The new CEO expressed her excitement, saying, “It will be an honor to lead this amazing organization.” In a statement released, Carmine said, “I am inspired by the example she has set, emphasizing professional leadership, technological innovation, and embodying EY’s values.”
This comes after the accounting firm recently decided against moving forward with its proposed separation, which included plans to spin off a sizable chunk of its tax practice and consulting business into a new publicly traded company.