Deloitte Tax LLP has named Carl Allegretti as its new chairman and CEO, while Jim Moffatt has been chosen as the new chairman and CEO of Deloitte Consulting LLP.
Allegretti succeeds Chet Wood, who led Deloitte Tax since 2003 and will now be managing partner of markets and offerings of Deloitte LLP.
Separately, the firm's Deloitte Consulting arm named Jim Moffatt as its new chairman and CEO. He succeeds Punit Renjen, the chairman-elect of the board of Deloitte LLP.
Allegretti previously served as the chief clients and markets officer for Deloitte Tax and Deloitte Touche Tohmatsu Limited, as well as serving as a member of the Deloitte Tax executive group; Deloitte Tax board of directors; and vice chairman of the Deloitte LLP board of directors. He has also worked with a wide range of public and private companies in the U.S. and around the world.
From 2004 to 2009, Allegretti was the Midwest regional managing partner for Deloitte Tax. Under his leadership, the Midwest region experienced record-breaking growth and gained the top market position in Illinois, Iowa, Minnesota, Nebraska and Wisconsin.
"In each of his leadership roles, Carl has made and maintained strong connections with both clients and people," said Deloitte LLP CEO-elect Joseph Echevarria. "This is a formula for success that has served him well. We are committed to leading the audit profession, setting the highest standard of professionalism and quality in audited financial statements; and we are committed to leading in the advisory services marketplace, working closely with clients to help them stay out ahead of change and seize new business opportunities. Carl is well positioned to build that leadership for Deloitte Tax."
Allegretti has appeared on the Crain's Chicago Business list of "Who's Who In Chicago Business" each of the past six years. He is a leader in Deloitte community involvement projects and is active with numerous professional and civic organizations, serving as treasurer of Project Torch and as a member of the board of the Chicago Boys & Girls Club.
"I am honored to lead the talented and diverse professionals of this great organization, particularly at such a critical time in the marketplace," Allegretti said in a statement. "Deloitte Tax is known for its ability to anticipate the issues our clients will face and bring the right team to address their needs. Our goal is to be the clear market leader, differentiated by the value we deliver to our clients, and we're well positioned to meet this goal. We've built a strong resilient practice by focusing on the success of our clients and our people."
Allegretti noted that Deloitte's commitment to clients is reflected in Accounting Today's 2010 ranking of Deloitte Tax as the leading tax practice among the Big Four professional services organizations, and that its commitment to its people is demonstrated by Deloitte's ranking on Fortune's 'Best Companies to Work for' list 12 times.
A former collegiate athlete, Allegretti, an avid sports fan, has completed more than 60 marathons and two ultra-marathons. He is a founder of the Frankfort Youth Athletic Association and is active in many other sporting activities for young people. He recently received the inaugural Mayor Richard M. and Maggie Daley Award as the top fund raiser for the 2010 Bank of America Chicago Marathon.
Allegretti received his bachelor's degree from Butler University in Indiana and serves on the Butler University Board of Visitors. He lives with his wife, Tammy, and two sons, Joey and Nicky, in Frankfort, Ill.
The new head of Deloitte Consulting, Moffatt, is currently national managing director for the Deloitte Consulting clients and industries group as well as a member of the Deloitte Consulting executive committee; Deloitte Consulting board of directors; and Deloitte LLP board of directors.
"Jim is an excellent choice to build Deloitte Consulting's market leadership," said Echevarria. "During his 23 years with Deloitte, Jim has served clients with distinction, and demonstrated his ability to drive the Deloitte Consulting strategy and seize market advantage."
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