PWC RESTRUCTURES GLOBAL NETWORKLondon - Big Four firm PricewaterhouseCoopers plans to reorganize its international network of member accounting firms, splitting them into three major geographic clusters.
Starting October 1, the east cluster will be led by PwC China senior partner Silas Yang, the central cluster by PwC U.K. senior partner Ian Powell, and the west cluster by PwC U.S. senior partner Dennis Nally. The PwC Network will be led by a new network leadership team comprising PwC Global CEO Samuel A. DiPiazza Jr., plus the senior partners of PwC's U.K., U.S. and China firms. PwC Germany senior partner Hans Wagener will also join the leadership team. PwC sees the new structure as a way to increase its focus on emerging markets and spur future growth. The restructuring follows on the heels of a global restructuring by Ernst & Young earlier this year.
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