Cathy Engelbert, CPA, will become the first female CEO of a Big Four audit, accounting, and consulting firm in the United States, Deloitte LLP announced today.
“Cathy has a strong track record of advising some of the firm’s leading clients, and working with regulators to advance our industry-leading Audit practice,” said Punit Renjen, currently chairman of the Board of Deloitte LLP. “Mike’s experience growing new practices and developing talent across the organization has helped Deloitte offer an unmatched portfolio of services. I am confident Cathy and Mike will lead with distinction, helping Deloitte continue to drive impact that matters.”
Cathy Engelbert, 50, currently serves as chairman and CEO of Deloitte & Touche LLP, the U.S. accounting, auditing and risk advisory subsidiary of Deloitte LLP, leading the Audit practice. Since joining Deloitte in 1986, Engelbert has had a distinguished track record serving several of Deloitte’s largest and most complex global clients and is a former member of the Deloitte LLP Board of Directors.
“I’m deeply honored to lead Deloitte,” said Engelbert. “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.”
Engelbert is a member of the Financial Accounting Standards Advisory Council, which advises the Financial Accounting Standards Board on strategic issues, project priorities, and other matters that affect accounting standard-setting. She has held partner roles serving several of the world’s leading life sciences and pharmaceutical companies and advises multinational companies on financial instrument accounting matters. Engelbert has served on the Deloitte LLP Board of Directors and was a member of the Board’s Strategic Investment, Finance & Audit, Risk, and Regulatory & Government Relations Committees.
Engelbert holds a BS in accounting from Lehigh University. She is a certified public accountant and a member of the American Institute of Certified Public Accountants. She serves as a member of the Accounting Advisory Board for Lehigh University. Engelbert is a past recipient of the YWCA’s Tribute to Women in Industry Award and is among the Women’s Fund of New Jersey’s “25 Most Influential Women in Finance.”
“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,” said Frank Friedman, who has served as the interim CEO and will become chief operating officer. “And in electing the first female CEO in the industry, Deloitte continues to lead in fostering inclusive leadership. Deloitte was also the first professional services firm to elect a minority CEO, woman chairman of the Board, and minority chairman.”