Technology, quality, and hyper collaboration
New Global CEO frames Deloitte’s priorities to create impact that matters for clients, people, and society
New York, NY 2 June 2015 – Punit Renjen took the helm Monday as the new chief executive officer of Deloitte Touche Tohmatsu Limited (Deloitte Global) and defined the global organization’s priorities, led by driving a shared sense of purpose across a network operating in more than 150 countries with more than 220,000 people.
“All of Deloitte’s stakeholders – clients, colleagues, and the communities in which we work – expect us to make an impact that matters for them,” said Renjen. “That means we must commit to achieving clear leadership in critical areas through very focused priorities.”
Renjen framed a set of strategic priorities, including increasing investment to apply leading technology to serve clients across core businesses of audit, tax, consulting, enterprise risk, and financial advisory services. Other top priorities include setting the standard for quality around the world, employing “hyper collaboration” among the network’s member firms to deliver global capabilities tailored to local needs and creating a distinct development experience to attract and inspire talent.
In addition to driving delivery of exceptional core services to clients across a range of industry sectors, Renjen plans to grow the Deloitte network’s capabilities in areas such as cognitive technologies, cloud computing, digital and social applications, cyber, risk, and crisis services.
“Advanced technology is changing the way clients do business, and maintaining our lead in capabilities is crucial to help them navigate that change,” said Renjen. “In addition, we are committed to building and maintaining trust in capital markets and confidence in business institutions. We will do this by combining insights and innovation to deliver fully integrated tax services, world-class innovation in audit, and consulting services that deliver measurable impact.”
Linking a company’s core activities to a greater sense of purpose has long been a passion for Renjen. Noted Renjen, “Increasingly, companies are seeking ways to integrate social impact into their core business, rather than relying on corporate citizenship programs alone. This positive trend will help drive a sense of purpose; however, it is important businesses take a broad view when thinking about impact to include clients and employees, in addition to affecting the communities in which they work and live.”
About Punit Renjen
Renjen is the first Indian-born American CEO of the global office of a leading professional services network. His leadership appointment is part of a rigorous and comprehensive nomination and member firm partner ratification process that occurs every four years and includes all member firms of the Deloitte worldwide network. Most recently, Renjen was Deloitte U.S. member firm Chairman of the Board since 2011. Prior to his role as U.S. Chairman, Renjen served as Chairman and CEO of Deloitte Consulting LLP in the U.S. During his tenure as U.S. Consulting CEO, the consulting practice experienced tremendous growth despite an ongoing recession, helping Deloitte Consulting LLP become one of the largest consulting providers according to leading analysts’ rankings. Renjen is also a recognized leader in mergers & acquisitions (M&A), assisting clients through the entire M&A lifecycle. Renjen grew up in India and holds a bachelor's degree with honors and a master's degree in management with honors.
Deloitte serves 79 percent of the Fortune Global 500 companies, including 92 percent of Technology, Media & Communications companies, 87 percent of Financial Services companies, and 87 percent of Consumer Business companies. In addition, Deloitte serves the most competitive countries as ranked by the World Economic Forum, the most effective governments according to the World Bank, and all the members of the G20.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see http://www2.deloitte.com/ for a more detailed description of DTTL and its member firms.
Deloitte provides audit, consulting, financial advisory, risk management, tax and related services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges.