On Monday, theAICPAannounced that Cathy Engelbert will serve as the new CEO ofDeloitte, effective March 11, replacing interim chief executive officer Frank Friedman.

Barry C. Melancon, president and CEO of the AICPA, issued the following statement regarding Cathy Engelbert’s election:

“This is a momentous occasion for the CPA profession. Cathy has demonstrated great ability and tremendous leadership during her career with Deloitte. Her partners have responded by making her the first female CEO of a Big 4 firm in the profession’s history in the United States. Historically, ours is a profession that has promoted the blending of work and life for advancement along a variety of paths. Cathy will be a role model for future generations of female leaders in our profession.”

For more information on Deloitte, head to their sitehere.