Mark Weinberger to Lead Ernst & Young
Advisory services company Ernst & Young has announced that Mark Weinberger has been named its next global chairman and CEO. Weinberger will succeed current global chairman and CEO Jim Turley, who announced recently that he will retire on June 30, 2013, having led Ernst & Young since 2001.
Ernst & Young’s Global Executive and its Global Advisory Council, the organization’s highest management and governance bodies, unanimously supported Mark’s selection.
Mark, 50, has had a distinguished career with a track record of leadership both inside and outside of Ernst & Young. He currently sits on the Global Executive, the firm’s highest governing body, and runs the organization’s Global Tax practice.
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Mark (pictured above) has previously served on the Americas Executive and U.S. Operating Committee and run the Americas Tax practice. He has been a senior advisory partner for many of the organization’s largest clients and also serves on the Global Markets Executive and Global Public Policy Committees.
According to the company, Mark was the Assistant Secretary of the U.S. Treasury (Tax Policy) under President George W. Bush and he was appointed to the U.S. Social Security Advisory Board by President Clinton.
“It is a privilege to be chosen to lead this great organization,” Mark said.
Ernst & Young recently announced revenues of US $22.9b for its fiscal year ended June 30, 2011 and a global headcount of 152,000 people in 144 countries.