Historic appointment: Janet Truncale (pictured) to take over at EY in early July
EY has become the first Big Four accounting firm to appoint a woman as chief executive.
Janet Truncale, who heads the company’s financial services business in the Americas, will take the helm in early July. She will replace Carmine Di Sibio, who will step down in June after four years.
Her appointment means EY will be the only Big Four accounting firm led by a woman. PwC, KPMG and Deloitte are run by men. “It will be a true honor to lead this incredible organization,” Truncale said.
‘The work we do to create opportunities for our people and clients, as well as our role in the capital markets, defines EY as an organisation, and I couldn’t be prouder.
“I am inspired by the example Carmine has set, instilling the intention to be professional leaders, focusing on staying at the forefront of technology and, above all, embodying EY values.”
It comes just months after EY scrapped plans to spin off its consulting business into an independent public company.