Deloitte has appointed Catherine Engelbert as chairman and CEO of Deloitte & Touche LLP, the audit subsidiary of Deloitte LLP, to lead its audit practice.
Engelbert succeeds Gregory Weaver, who will retire in the fall after a 41-year career with Deloitte.
“I am honored and excited to build upon Deloitte’s leading position in audit quality,” Engelbert said in a statement. “We will continue to invest in innovation to transform the audit process, with the goals of providing the highest quality audits, and responding to the changing needs of the capital markets. We also will continue to engage with regulators, audit committees, corporate management and investors to shape the future of the audit and advance the profession overall.”
With almost 28 years of experience at Deloitte, including 16 years as a partner, Engelbert has held partner roles serving several of the world’s leading life sciences and pharmaceutical companies, and advises multinational companies on financial instrument accounting matters. She is currently a member of the Deloitte LLP board of directors and serves on the board’s Strategic Investment and Finance & Audit Committees. Engelbert previously served on the Risk and Regulatory & Government Relations Committees.
“This recognition speaks volumes about Cathy’s exemplary skills, industry knowledge and extensive experience. Her commitment to deliver audits of the highest quality and exceptional leadership abilities instill trust and confidence among her colleagues and clients alike,” said Deloitte LLP CEO Joseph Echevarria in a statement. “As the leader of our audit practice, Cathy will guide our efforts to innovate audit service delivery as we lead the profession to further strengthen the quality of financial reporting for the investing public.”
Engelbert holds a bachelor’s degree in accounting from Lehigh University. She is a CPA and is a member of the American Institute of CPAs. She is also a member of the Financial Accounting Standards Advisory Council, the Accounting Advisory Board for Lehigh University, and is a board executive member for a not for profit organization.