Grant Thornton International has named Peter Bodin, the former CEO of Grant Thornton Sweden, as CEO-elect, succeeding Edward Nusbaum, who will retire at the end of the year.

Nusbaum led Grant Thornton internationally for eight years after helming the U.S. part of the firm, Chicago-based Grant Thornton LLP, for nine years.

Bodin, 51, led Grant Thornton Sweden for 16 years, transforming the audit firm into a diversified professional services firm. For the past five years, he has also been chairman of the board. In being elected the new global CEO, Bodin received unanimous support from all the CEOs of Grant Thornton’s member firms in 14 countries, along with two independent directors. He will become CEO of the London-based network on Jan. 1, 2018.

“I am honored and excited to be given this opportunity to lead Grant Thornton into its next era of growth and expansion,” Bodin said in a statement. “I have always believed sustainable business success is built on having the right people, leadership and culture. My role will be to create an environment that allows Grant Thornton people and firms to collaborate, not just with each other but with clients and other stakeholders, to grow into the world’s best professional services organization.”

Nusbaum expressed his support, saying in a statement, “I am delighted that the board has chosen a strong, innovative leader in Peter who will inspire the people of Grant Thornton, our clients, and our communities throughout the world. I have worked closely with him over the years and I am confident that after a smooth transition he will continue the journey to execute our Growing Together 2020 strategy and continue to build an exciting future for this great organization.”

Peter Bodin, CEO-elect of Grant Thornton International Ltd.
Peter Bodin, CEO-elect of Grant Thornton International Ltd. Courtesy of Grant Thornton

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Michael Cohn

Michael Cohn

Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985.