Deloitte Touche Tohmatsu Limited has appointed Stephen Almond as the new global chairman of the board.
Effective immediately, he will succeed John P. Connolly, who has served as chairman of the board of DTTL since June 2007 and whose term ended on May 31. As the new chairman, Almond oversees the highest governing body of DTTL.
“I am excited about Steve's election,” said DTTL global CEO Barry Salzberg in a statement. “His relentless focus on quality and client service and extensive global client experience will be significant assets in helping us advance the Deloitte organization's leadership in the marketplace. Through a career spanning more than 30 years with the Deloitte network, Steve has proven himself a world-class leader in financial services, and particularly audit, the cornerstone of our business. His business knowledge, combined with deep member firm and practitioner perspectives, will provide him with a tremendous foundation for future success as chairman of the board for DTTL.”
Previously, Almond served as deputy global CEO for clients at DTTL. In this role, he championed a consistent, differentiated approach to serving clients across borders and industry sectors. Almond also spent four years as global managing director of audit at Deloitte Touche Tohmatsu.
“I am deeply honored by my appointment as chairman of the board for DTTL,” Almond said in a statement. “In my many years in the professional services industry, I have learned firsthand the importance of effective governance and have served under a board that truly represents the best in our business and the industry. During the recent economic downturn, Deloitte member firms brought the full breadth of the global network's resources to help clients adapt to the new market realities, while maintaining an unyielding focus on quality. It is a privilege to take on this leadership role at a time of growth and opportunity for the global marketplace, as well as the Deloitte organization worldwide.”
Almond earned his bachelor's degree from the University of London. He is a fellow of the Institute of Chartered Accountants in England and Wales, a member of the Deloitte UK Executive, and also sat on the Deloitte UK board for nearly 15 years. He was also a member of the DTTL Executive Committee. Almond is married with three children and will be based in London.
