Deloitte Global gets new chief executive

DELOITTE Touche Tohmatsu Limited (Deloitte Global) has appointed Punit Renjen, currently Deloitte U.S. member firm Chairman, as new chief executive officer.

  Renjen will assume the new role on June 1, 2015, 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 honored to have been elected as Deloitte Global’s next Chief Executive Officer. 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.

  “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 fulfill their passion to make a difference,” said Renjen.     

  He succeeds Barry Salzberg, who will retire at the end of the fiscal year- May 31, 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 U.S. firm- the largest and most complex in our network, combined with his 28-year career with Deloitte and strong core values, make him the perfect choice to lead Deloitte Global,” Salzberg said.

  Meanwhile, Renjen will remain with the Deloitte U.S. firm until his transition to the role of Deloitte Global CEO. 

  “Beyond serving as a leader in the U.S. member firm, Punit brings unique perspectives on the global business environment, having a true multi-cultural career journey. 

  “I am excited to work with Punit as we continue to make significant investments to transform member firm services, including audit, to deliver high quality, meaningful results for clients and raise the bar for the entire profession,” said Steve Almond, Chairman

  Prior to his role a U.S. Chairman, Renjen served as Chairman and CEO of Deloitte Consulting LLP in the U.S.   

  During his tenure as U.S. 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 recognized leader in Mergers and Acquisitions (M&A), assisting clients through the entire M&A lifecycle. 

  He grew up in India and holds a bachelor’s degree and a master’s degree in management with honors from Willamette University.