Indian-origin Punit Renjen to be the next CEO of US-based Deloitte Global
India-born Punit Renjen has been appointed as the new chief executive officer (CEO) of US-based accounting company Deloitte Global Operations.
Renjen, who is currently working as the chairman of the board of Deloitte US, will take position as the CEO of the company from June 1, 2015.
With this, Renjen will become the first India-born senior executive to head one of the Big Four consultancies.
he Big Four are PwC, KPMG, EY and Deloitte. He has been working with Deloitte for the last 27 years.
Renjen will be replacing Barry Salzberg as the global CEO.
As per the reports, Renjen received around 98 per cent of the total 5400 votes to become the global CEO of the company.
Renjen has held a number of leadership positions, including chairman and CEO of Deloitte Consulting LLP.
In addition to being chairman of Deloitte LLP, he currently serves 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.
About Punit Renjen:
Renjen hails from Rohtak, Haryana. His father was a prominent businessman in Lahore before the partition.
He grew up in India and did his schooling at Lawrence School in Sanawar, Himachal Pradesh.
He has a bachelor’s degree with honours and a master’s degree in management from Willamette University, US.
Renjen was one of The Top 25 Consultants ranked by Consulting Magazine in 2007.
Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is one of the “Big Four” professional services firms along with PwC, EY, and KPMG. Its global headquarters are located in the United States.
Deloitte is the largest professional services network in the world by revenue and by the number of professionals. Deloitte provides audit, tax, consulting, enterprise risk and financial advisory services with more than 200,000 professionals in over 150 countries. In Financial Year 2013â??14, it earned a record 34.2 billion US Dollars in revenues.
In 2012, Accountancy Age reported that, in the UK, Deloitte had the largest number of clients amongst FTSE 250 companies.