Deloitte appoints India-born Punit Renjen as global CEO

February 16, 2015 11:06 pm | Updated 11:06 pm IST - NEW YORK

India-born Punit Renjen was appointed the next CEO of U.S.-based accounting giant Deloitte’s global operations, becoming the first Indian-origin person to head a ‘Big-Four’ audit firm.

Mr. Renjen joins a growing list of persons of Indian origin like Indira Nooyi, Satya Nadela and Anshu Jain, who have made to the top posts at multi-billion dollar global corporations such as PepsiCo, Microsoft and Deutsche Bank, respectively.

Deloitte, which is present across 150 countries, including India, and employs over two lakh people, is one of the four largest audit firms in the world, and competes with PwC, KPMG and EY.

Hailing from Rohtak, Haryana, Mr. Renjen will assume his new role of Deloitte Global Chief Executive Officer from June 1.

He will succeed Barry Salzberg in this role, and is now serving as U.S. business Chairman and CEO of the group.

“I am honoured to have been elected as Deloitte Global’s next CEO,” Mr. Renjen said in a statement.

“Mr. 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,” Deloitte said.

Mr. Renjen, who has been with Deloitte for over 27 years, grew up in India and holds a bachelor’s degree with honours and a master’s degree in management from Willamette University, U.S.

Mr. Renjen did his schooling at Lawrence School, Sanawar, Himachal Pradesh, after which he left for the U.S. to pursue higher studies.

He has held a number of leadership positions, including chairman and CEO of Deloitte Consulting LLP. In addition to being Chairman of Deloitte LLP, he also serves now as a member of the board of directors of Deloitte Touche Tohmatsu Limited (Deloitte Global), and as Chairman of the Deloitte Foundation board of directors. His new role would begin on the first day of Deloitte’s new fiscal year on June 1.

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