PricewaterhouseCoopers has selected Timothy F. Ryan as its new U.S. chairman for a four-year term beginning on July 1, 2016, succeeding Bob Moritz, who is becoming global chairman.
Ryan has served since 2013 as vice chairman and strategy and stakeholders leader for U.S. markets, where he was responsible for PwC US’s strategy function and stakeholder relationships including investor relations, regulatory affairs, public policy, corporate responsibility and human capital.
Prior to that, he led PwC’s U.S. Assurance practice, where he oversaw all strategy and implementation of solutions that enhance the reliability of financial information shared between internal and external partners, investors and regulators. In addition, Ryan has led PwC’s U.S. Financial Services practice and Consumer Finance Group.
"It's not just about the team's accomplishment; it's also about what you can learn from each member of the team," he said.
Ryan has more than 25 years of diversified experience in client strategy and relationship management. In addition to his external leadership role, he also served on PwC’s “Closing the Expectation Gap Committee,” in which his contributions helped to design and implement improvements that addressed gaps between the expectations of constituents and accounting standards. He also serves on the Board of Trustees for the Securities and Exchange Commission Historical Society and the Children’s Aid Society.
“Tim brings a strong sense of business strategy and client relationship management to his new role,” said Brian Cullinan, chairman of PwC’s U.S. Board, in a statement. “During his tenure at PwC and as the Markets, Strategy and Stakeholders Leader, Tim has instilled a unique approach to business growth within our culture and for our clients. With purpose always at the forefront, Tim has played a significant role in growing client trust and implementing new strategies that enable PwC to deliver outstanding client service.”
Ryan is a CPA in Massachusetts and New York and a member of the American Institute of CPAs. He serves on the board of trustees for the Securities and Exchange Commission Historical Society. He graduated from Babson College where he studied accounting and communications. A Boston native, he joined the firm after graduation. He has six children.
Ryan Bob Moritz, who was appointed last month as global chairman of PwC and will assume his new role in July 2016 (see PwC Names Robert Moritz as Global Chairman). Moritz has served two terms as U.S. chairman since 2009.
“I have had the pleasure of knowing, and working closely with, Tim for many years,” said Moritz. “His tremendous passion for the firm, for serving our stakeholders, for making this a place where talented people want to be, for our responsibility to society, and for our shared future is evident. I know under his leadership—and with the support of his team—the firm will continue to prosper.”
Cullinan praised Moritz for his work at the firm. “I would like to thank Bob for his commitment and successful leadership of the PwC US practice over the last seven years,” he said. “In his new role as Global chairman of the PwC network, he will be a strong leader for the firm not only in the pursuit of excellence for its clients, but also in challenging the business community on the issues of diversity and purpose.”
Ryan will also succeed Moritz as a member of the governing board of the Center for Audit Quality, which issued a statement praising him. “Tim is a proven leader who has played a critical role in driving PwC’s strategy and the firm’s outreach to key stakeholders including investors and regulators,” said CAQ executive director Cindy Fornelli. “Tim will bring an unwavering commitment to audit quality and a wealth of diverse experiences to the chairman role. The CAQ congratulates Tim on his election and we look forward to working with him as a member of the CAQ Governing Board.”
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