Deloitte Touche Tohmatsu Limited (Deloitte Global) has announced the selection of Joe Ucuzoglu as its new CEO, replacing Punit Renjen. The new CEO is expected to take over his role in January next year.
Punit Renjen was the first Indian-origin CEO that leads the company, which posted its best-ever numbers in FY22. Let’s have a look at his career:
Deloitte Global CEO Punit Renjen announced his retirement on Monday (October 31). Deloitte Touche Tohmatsu Limited board has announced the name of Joe Ucuzoglu, formerly the head of Deloitte US, as Renjen’s successor.
The company has offices in over 150 countries and provides employment to 415,000 people. Deloitte offers services including audit, tax, legal, and consultancy to several firms across the world.
Who is Punit Renjen ?
Born and raised in Haryana’s Rohtak in 1961, Renjen did his MBA from Oregon’s Willamette University. He worked with Touche Ross which merged with Deloitte in 1989 and had been in the company ever since. He was elevated as the CEO of Deloitte on June 1, 2015.
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Before taking over the CEO’s post, Renjen had served as the Deloitte US member firm’s chairman and before that as the CEO of Deloitte Consulting LLP in the US. Under his leadership, Deloitte’s revenue witnessed a jump from $35 billion to more than $59 billion in seven years.
“The Deloitte Global Board and I want to thank Punit for leading Deloitte to extraordinary growth and meaningful societal impact and for his decades of commitment to the organization,” said Sharon Thorne, Deloitte Global Board Chair.
Before taking over the CEO role, he served as the Deloitte US member firm Chairman. Before that, Renjen served as the CEO of Deloitte Consulting LLP in the United States, where the consulting practice experienced tremendous growth during his tenure despite the recession.
Renjen grew up in India and holds a master’s degree in management with honors from Willamette University.
The new CEO Joe Ucuzoglu
While Joe Ucuzoglu has been named Renjen’s successor, his candidature will have to be ratified by member firms across 150 countries. Reports quoting inside sources said Joe Ucuzoglu will look after the brand’s overall strategy. He is slated to take over the reins of the company in January next year.
Joe Ucuzoglu has an impressive performance history and is known for being responsible for 47 percent of the company’s global revenues since 2019.
Joe is an exceptional leader. We have worked together side by side for many years, and I believe he is an excellent choice to serve as the next Deloitte Global CEO. He has been a member of the Deloitte Global Executive team for the last several years, and I am confident that, under his leadership, Deloitte will continue to deliver outstanding results for our people, clients, and the communities in which we live and work,” Renjen said while introducing Ucuzoglu as his successor.
