EY names Carmine Di Sibio as global CEO
22 Jan 2019
Carmine Di Sibio has been elected the next EY global chairman and CEO, succeeding Mark Weinberger, who steps down on 1 July 2019 after six years in the role
22 Jan 2019
Di Sibio joined EY in 1985, and has served as an advisory and assurance partner with a strong background in financial services accounts. He is currently EY global managing partner – client service, a post he has held since 2013. Additionally, he has overall responsibility for the four geographical EY areas and four service lines.
The firm said Di Sibio has played a critical role in EY’s innovation efforts and has been one of the key architects of the organisation’s acquisitions and alliances strategy, helping to expand EY resources and capabilities in a wide range of new and emerging fields. Di Sibio also co-chairs the EY global diversity and inclusiveness steering committee.
Weinberger said: ‘Carmine is an outstanding and inclusive leader who has a foundation in audit and in serving the largest EY clients. He is a leader who understands the importance of diverse and inclusive teams, and he knows how to engage people to reach their full potential. I believe the organization has made an exceptional choice, and Carmine is the right EY global chairman and CEO in these transformative times.’
Di Sibio said: ‘I am honoured to be chosen to lead this great organisation, which I have been part of for over 33 years.
‘It’s been a great opportunity to work with Mark and the leadership team on the development and execution of our Vision 2020 strategy over the past six years. I’m excited to build on the significant legacy and strong foundation we have here at EY.’
During Weinberger’s tenure, EY adopted its ‘building a better working world’ purpose and achieved an annual compound revenue growth rate of 8.5%, resulting in a 50% increase in revenues, while the firm added more than 100,000 EY people, including 20,000 data and analytics practitioners and over 2,000 data scientists.
Report by Pat Sweet