Deloitte Touche Tohmatsu Limited (Deloitte Global) on 16th February 2015 has announced that India born Punit Renjen has been selected as new CEO of the company. As per the announcement, new CEO, Punit Renjen, will assume the new role on 1 June 2015.
Mr Punit Renjen will take over when the current CEO, Barry Salzberg retires. Barry Salzberg will retire at the end of its fiscal year i.e. 31st May 2015. Punit has been Chairman of the Board, Deloitte LLP (U.S. member firm), since June 2011.
Punit Renjen grew up in Rohtak, Haryana, India and holds a bachelor’s degree with honors and a master’s degree in management with honors from Willamette University. Punit Renjen completed his schooling from Lawrence School, in Himachal Pradesh. After graduation he worked in Usha International, New Delhi.
He moved to the United States after winning a Rotary Foundation Scholarship to Willamette University. Punit then earned a master’s degree in management from Willamette University. He now serves on the board of trustees of Willamette University. He is married and has a son.
Now Punit Renjen joins the growing list of persons of Indian origin like Indra Nooyi, Satya Nadela and Anshu Jain, who became CEO of multi-billion dollar global corporations like PepsiCo, Microsoft and Deutsche Bank, respectively.
Deloitte has presence in 150 countries including India and employs more than two lakh people. It’s one of the four largest audit firms in the world and competes with PwC, KPMG and EY.
Punit Renjen, next CEO of Deloitte Global said, “I am honored to have been elected as Deloitte Global’s next CEO. It is a privilege to be part of an organization that delivers high quality services and innovative solutions to the best clients, develops the most talented professionals into leaders and does its part to improve the societies in which we operate. We are an organization led by a purpose – to make a positive, meaningful impact that matters to everyone Deloitte touches. I will do my best to serve the network by helping enable our leaders and people to fulfill their passion to make a difference.”
Barry Salzberg, present CEO of Deloitte Global said “I can think of no one better to lead Deloitte Global. Punit’s experience as chairman of our U.S. firm—the largest and most complex in our network—combined with his 28-year career with Deloitte and strong core values— make Punit the perfect choice to lead Deloitte Global,”.