Punit Renjen has been saved
A profile of the Deloitte Global CEO
Renjen is chief executive officer of Deloitte Global. Previously, he served as chairman of the board, Deloitte LLP (U.S.), and prior to that, chairman and CEO of Deloitte Consulting LLP.
Punit is in his 28th year with the Deloitte network and became Global CEO of Deloitte Touche Tohmatsu Limited (DTTL) in June 2015. As Global CEO, Punit leads the DTTL Executive Committee and sets the strategic priorities of the Deloitte global network. The global network comprises 46 member firms operating in 150 countries, with more than 220,000 people worldwide. Punit is a member of the DTTL Board of Directors and Governance Committee.
Punit most recently served as Chairman of the Board, Deloitte LLP (U.S. member firm) from June 2011-March 2015. As chairman, Punit led the board in providing governance and oversight as well as guidance on priority matters such as firm strategy, risk mitigation, and talent development.
Outside of Deloitte, Punit is a member of the boards of directors at United Way Worldwide and the U.S.-India Business Council. He was named an honoree to the 2012, 2013 and 2014 National Association of Corporate Directors (NACD) “Directorship 100.” He speaks regularly with top-tier media as well as at premier conferences and business schools. Punit often comments on research regarding the attributes of exceptional organizations, including the importance of a well-articulated and lived workplace “culture of purpose.”
Punit has held a number of leadership roles within the Deloitte network, including CEO of Deloitte Consulting LLP in the U.S. member firm. 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. Along with his partners and directors, he guided Deloitte Consulting LLP to be recognized as one of the “2010 Best Firms to Work For” by Consulting magazine and as one of the top firms in Vault’s Guide to the Top 50 Management and Strategy Consulting Firms.
Throughout Punit’s career, he has helped clients in various industries address a range of issues, including M&A, strategy, and operations improvement. His clients have included large multinational organizations spanning the energy, utilities, and telecommunications industries.
Punit was born and raised in India. He moved to the United States after winning a Rotary Foundation Scholarship to Willamette University, where he earned a master’s degree in management. He now serves on the board of trustees of Willamette University. He is married and has a son.
2014: Culture of purpose
For the past three years, Renjen has commissioned the Deloitte Core Beliefs & Culture Survey. The 2014 survey found that focusing on purpose rather than profits builds business confidence and drives investment. This is a critical finding — and underscores the significant impact a “culture of purpose” can play in fostering a thriving community.
An array of key indicators shows an economy of fits and starts. Everything from hiring to business inventories is up one month and down the next. As a result, many businesses continue to sit on excess capital rather than put it to productive use. But not all businesses. Those committed to creating meaningful impact for all stakeholders (including clients, employees, and communities) foster strong cultures of purpose. This sense of purpose inspires confidence among leaders and stakeholders alike — and can lead to a competitive advantage in a time of economic volatility.
Confidence — it fuels business investments, innovation, and long-term growth. However, the current climate of uncertainty has greatly diminished that confidence slowing economic recovery.
In the news
- There is no shortcut to success from the 2015 Kellogg School of Management Brave leader series
- Does Focusing on "Society" Limit Business as a Force of Good? from the Huffington Post