Janet Truncale is set to assume the role from Carmine Di Sibio starting July 1. Prior to this, she served as the regional managing partner for EY’s financial services organization.
According to a statement from the London-based accounting giant, she is slated to take over from Carmine Di Sibio on July 1. Janet Truncale, who most recently held the position of regional managing partner for EY’s financial services organization, overseeing 14,000 professionals, as outlined in the statement. In the statement, Truncale expressed her genuine enthusiasm, stating, “Assuming the leadership of this remarkable organization will indeed be an honor. I find inspiration in Carmine’s commitment to fostering professional leadership, staying at the forefront of technological advancements, and, above all, embodying the core values of EY.”
The decision comes shortly after the accounting firm abandoned its proposed separation. This involved the original plan to create a separate publicly traded company for its consulting business and a significant portion of its tax practice. The viability of this plan was undermined when EY’s influential US affiliate resisted, leading to internal disputes among partners, particularly regarding the division of the tax practice.
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