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EY has announced that Janet Truncale has been elected as the next EY Global chair and CEO, effective from 1 July 2024.
In her new role, Truncale will succeed the current EY Global chair and CEO, Carmine Di Sibio.
Truncale is currently serving as regional managing partner, EY Americas Financial Services Organization (FSO). In this role she leads a team of more than 14,000 professionals throughout the Americas.
Previously, she was the managing partner for Americas FSO Assurance, enhancing audit quality and leading the strategy, operations and management of 3,000 professionals.
Throughout her 30-year career in the global financial services industry, Truncale has provided assurance and consulting services to leading Fortune 500 companies and worked with boards, audit committees and senior management to resolve complex business issues. She has also served as the GCSP and Senior Advisory partner on many of the firm’s largest global clients.
In addition, Truncale has been a long-time sponsor of DE&I in the Americas, including as an active member of the EY Global Social Equity Task Force, in the build and launch of the EY ‘Uplift’ campaign and other equity initiatives across the firm, and as a champion of DE&I in the marketplace and communities.
Di Sibio said: “Janet is an exceptional leader, with a strong foundation in serving clients across all EY’s businesses. She is a great choice to lead our organisation through the next chapter of its history. I truly believe Janet will inspire EY people and partners through her strong emphasis on culture and her deep experience.”
Truncale added: “It will truly be an honour to lead this amazing organisation. The work we do in creating opportunity for our people and clients, as well as our role in the capital markets defines EY as an organisation, and I couldn’t be prouder to have the opportunity.
“I am inspired by the example Carmine has set, instilling an intent to be profession leaders, focusing on staying ahead of the curve in technology and most of all personifying EY values.”
Di Sibio was elected as EY Global chair and CEO in 2019 and served on the EY Global Executive for the past 11 years.
As global chair and CEO, he led the development of NextWave, the industry’s first global strategy focused on creating long-term value for all stakeholders. The strategy led to a compounded annual growth rate of 9.5% and additional $13bn (£10.5bn) in revenue over his tenure.
The firm said Di Sibio has also driven transformative change through “bold” investments in emerging technology, AI and innovation. He also conducted a forward-looking review of the organisation and advocated to lead the industry as a disruptor through Project Everest.
Under his leadership, EY made commitments to sustainability including appointing EY’s first chief sustainability officer. He has also accelerated the Diversity, Equity and Inclusion agenda, including sponsoring a Global Social Equity Task Force in 2020, and increasing the percentage of women on the board to 33%.
