Cathy Engelbert, the current CEO of subsidiary firm Deloitte & Touche, will take up her new position from March 11, making her the first female CEO of a major accountancy firm in the US.
Engelbert, who joined Deloitte in 1986 and has experience leading Deloitte & Touche’s audit practice, said she was “deeply honoured” at her appointment.
She said, “I look forward to collaborating with all our people to continue to lead our profession in quality and innovation. Together, we make an impact that matters every day for our clients, the capital markets, communities, and society.”
Deloitte US’ interim CEO Frank Friedman – who will now serve as chief operating officer - welcomed the appointment. He said, “Cathy has been a formidable and influential industry presence during her many years at Deloitte and will undoubtedly continue to drive our firm and profession forward.
“In electing the first female CEO in the industry, Deloitte continues to lead in fostering inclusive leadership.”
The announcement was described as "a momentous occasion" by Barry C. Melancon, president and CEO of the American Institute of Certified Public Accountants (AICPA).
Melancon said, "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 Four 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.”
Deloitte also announced the appointment of Mike Fucci as new firm chairman. Fucci, who has worked at Deloitte for the last 33 years, previously helped grow the US Human Capital practice to more than $1bn (£656m).