PwC names new global Chairman
Robert E. Moritz has been selected as the new global Chairman of PwC, the firm has announced.
Mr Moritz, who was previously Chairman and Senior Partner of PwC US, will begin his four-year term in July this year and will succeed Dennis Nally.
Mr Nally is retiring after 42 years with the Big Four firm and two terms as Chairman. The firm said that he has led PwC during a time of "considerable growth and expansion", including the 2014 acquisition of consulting firm Booz & Company.
John G. Maxwell, Chairman of PwC’s Global Board, said that Mr Moritz was the “ideal forward-looking leader” and will bring “a strong sense of purpose, strategic leadership and business insight” to the firm.
He said: “During his tenure in the US, Bob's outspoken support of work-life flexibility for the firm's people, the importance of diversity on his own team, and the significant investments he has overseen in new and cutting edge technologies make him the ideal forward-looking leader to navigate the global economy and bring our best ideas and solutions to clients.”
Mr Moritz joined PwC in 1985 and has been with the firm for his entire career. He became a partner in 1995 and spent three years in PwC Japan. He has also served as the managing partner for the New York region.
Outside of PwC, Mr Moritz recently completed two terms as the Chairman of the Governing Board for the Centre for Audit Quality, and is also on the board of the Oswego College Foundation, the Conference Board, the Atlantic Council, and the Partnership for New York City.
The new PwC US Chairman will be announced after an election process later this year.