The Deloitte Touche Tohmatsu Board has approved the nomination of James H. Quigley -- currently the head of Deloitte’s U.S. arm -- as the next global chief executive officer of the Big Four firm, though worldwide member firm partners must still vote on the appointment.Quigley, who has served as Deloitte's U.S. chief for the past four years, will succeed William G. Parrett, another former U.S. chief whose eight-year term ends on May 31.
According to published reports, the board of Deloitte & Touche LLP has nominated Barry Salzberg as the next chief executive of the U.S. unit, which must be approved by the firm’s 2,600 partners. Salzberg, 53, is currently managing partner and chairman of Deloitte's executive committee, the No. 2 position in the firm.
Salzberg joined Deloitte in 1977 and became a partner in 1985. A CPA and a lawyer, he rose up through the firm’s leadership ranks to become a tax partner.
John P. Connolly, the chief executive and senior partner of Deloitte U.K., was also elected to serve as chairman of the Deloitte Touche Tohmatsu Board. He will succeed Piet Hoogendoorn, who has been chairman since June 2000, while continuing in his current role.
The election process will finish in April, and both Quigley and Connolly will assume the new positions June 1.
Deloitte member firms are experiencing their 14th consecutive year of growth, as well as the fifth consecutive year of double-digit growth. Firms are expected to finish the 2007 fiscal year with some $23 billion in aggregate revenues.
Parrett will continue as a senior partner at Deloitte until his retirement in May 2008, the compulsory retirement age for Deloitte U.S. partners.
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