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Carmine Di Sibio elected as next EY Global Chairman and CEO; effective July 1, 2019

Press Release from Ernst & Young LLP

LONDON, Jan. 18, 2019 /PRNewswire/ -- EY today announces that Carmine Di Sibio has been elected the next EY Global Chairman and CEO, effective from 1 July 2019. Di Sibio will succeed current EY Global Chairman and CEO Mark Weinberger, who steps down on 1 July 2019.

EY - Building a better working world (PRNewsFoto/EY) (PRNewsfoto/EY)

Di Sibio is currently serving as EY Global Managing Partner – Client Service, a post he has held since 2013. In this role, he leads the execution of the strategy for EY, which last year achieved nearly US$35 billion in revenues and today has over 270,000 EY people in more than 150 countries around the world. Additionally, Di Sibio has overall responsibility for the four geographical EY areas and four service lines. He has played a critical role in EY's innovation efforts, including managing EY investment in new technologies in the total amount of US$1billion. He has been one of the key architects of the organization's acquisitions and alliances strategy, helping to expand EY resources and capabilities in a wide range of new and emerging fields.

Di Sibio also co-chairs the EY Global Diversity and Inclusiveness Steering Committee, which works to maximize the power of different opinions, perspectives and cultural references within the organization. This work is crucial to EY's strategic priority of building the highest-performing teams in the profession.

Di Sibio joined EY in 1985, and has served as an Advisory and Assurance partner for many of the largest EY financial services accounts. He previously served as Chair of the EY Global Financial Services Markets Executive and Regional Managing Partner for the Americas Financial Services Organization, where he started EY Risk Management andRegulatory Services. Di Sibio is a practicing Certified Public Accountant.

Weinberger says, "Carmine is an outstanding and inclusive leader who has a foundation in audit and in serving the largest EY clients. He is a leader who understands the importance of diverse and inclusive teams, and he knows how to engage people to reach their full potential. I believe the organization has made an exceptional choice, and Carmine is the right EY Global Chairman and CEO in these transformative times."

Di Sibio added, "I am honored to be chosen to lead this great organization, which I have been part of for over 33 years. The role we play in the capital markets and the work each and every one of the 270,000 EY people do every day to create a better working world are things of which I'm very proud. It's been a great opportunity to work with Mark and the leadership team on the development and execution of our Vision 2020 strategy over the past six years. I'm excited to build on the significant legacy and strong foundation we have here at EY."

As EY Global Chairman and CEO, Weinberger led the transformation of EY as it adapted to a rapidly changing market. During his tenure, the organization has achieved an annual compound revenue growth rate of 8.5%, resulting in a 50% increase in revenues, and it added more than 100,000 EY people, including 20,000 data and analytics practitioners and over 2,000 data scientists. Weinberger established the global organization's purpose of 'building a better working world' during his tenure, as he guided the evolution of EY into a purpose-led organization. Within the organization, Weinberger created a culture of high-performing teams and focused on the development of EY people. He also championed increasing diversity at all levels and creating a more inclusive culture, increasing the number of partners who are women and from emerging markets, improving retention rates and establishing a more diverse EY Global Executive. Weinberger was elected as EY Global Chairman and CEO in 2012 and served on the EY Global Executive for the past 12 years.

Notes to editors

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

Yvonne Diaz
EY Global Media Relations
+44 20 7980 0612
yvonne.diaz@uk.ey.com

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