Deloitte LLP named Joseph Ucuzoglu as chairman and CEO of Deloitte & Touche LLP, the firm's audit practice subsidiary.
He will succeed Cathy Engelbert, who was named CEO of Deloitte LLP last month (see Deloitte Elects First Female CEO).
“Joe's proven experience interacting with clients, regulators and elected officials, and providing strategic direction on audit quality and professional matters, are invaluable assets for leading Deloitte's audit practice as well as driving innovative change in the profession,” Engelbert said in a statement.
Ucuzoglu most recently served as Deloitte's national managing partner for government, regulatory and professional matters, where he was responsible for Deloitte's interactions with regulators and elected officials, and overseeing the organization's government affairs, public policy, independence and ethics functions. He also serves several of Deloitte's significant clients.
Ucuzoglu previously served as the senior advisor to the Chief Accountant at the Securities & Exchange Commission.
"I am honored to lead our audit practice during a time when our profession is evolving faster than ever,” said Ucuzoglu. “Building upon Deloitte's legacy of exceptional service to the capital markets, we will lead the audit profession into the future. The use of technology is transforming the audit process, allowing us to deliver enhanced levels of quality, deeper insights, and greater value to clients. Innovation—a word that has not often been associated with audit—is a key differentiator for our firm."
Ucuzoglu is a graduate of the University of Southern California and serves on the board of directors of the U.S. Chamber of Commerce, as well as the board of advisors of the SEC Historical Society and the Executive Committee of USC's SEC Financial Reporting Institute. He is a member of the Committee on Capital Markets Regulation, an independent research organization dedicated to enhancing the competitiveness of U.S. capital markets and ensuring stability of the U.S. financial system, and is active in the Center for Audit Quality, a group devoted to fostering high-quality performance by public company auditors.
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