PwC announces new board and partners
1 Jul 2019
PwC UK has announced a shake-up of the leadership of its core business divisions along with the promotion of 69 new equity partners from 1 July
1 Jul 2019
Marissa Thomas takes on the leadership of the tax practice after two years leading deals. The firm’s former head of tax, Kevin Nicholson will now lead on private business and PwC’s board strategy team. PwC said Nicholson will continue to work closely with the management board on strategic projects.
Ken Walsh replaces Thomas as head of deals, while Hemione Hudson will lead the firm’s audit practice responsible for external audit and audit-related services. Sam Samaratunga will head the new risk assurance practice, with responsibility for services such as internal audit, cyber security and technology risk.
Kevin Ellis, chairman and senior partner of PwC UK, said: ‘The business and political environment remains uncertain and the markets and industries in which we work are changing rapidly.
‘These appointments maintain the strong leadership of our core businesses, and represent the skills necessary to work with our clients as they respond to the external environment and to lead our people through our own technology and workforce transformation.’
PwC is promoting 69 new equity partners, up from 54 last year. Together with 13 direct partner hires recruited during the year, the firm’s total UK partner number is now 944.
This year 38% of the newly promoted partners are women and the firm says the pipeline of women coming through into senior roles is also stronger, with 38% of newly promoted directors female. In addition 16% of the new partners are black, asian and minority ethnic and 27% are based outside London.
Laura Hinton, chief people officer at PwC UK, said: ‘I’m delighted to welcome these outstanding new partners who are evidence that we are delivering our diversity action plan. The more our people can see role models who look and work like them, the faster we will make PwC a place where anyone can succeed.’
The PwC UK management board members are: Kevin Ellis, chairman and senior partner, Marco Amitrano, head of consulting; Jon Andrews, head of technology and investment; Kevin Burrowes, managing partner for clients and markets; Margaret Cole, chief risk officer and general counsel; Laura Hinton, chief people officer; Hemione Hudson, head of audit; Warwick Hunt, managing partner and COO; Sam Samaratunga, head of risk assurance; Dan Schwarzmann, head of market initiatives and industries; Paul Terrington, head of regions; Marissa Thomas, head of tax; and Ken Walsh, head of deals.
By Pat Sweet