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Deloitte elects new global CEO

Press release

Announces Barry Salzberg as the next leader of the global organization, effective 1 June 2011

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New York, 7 April 2011 – Deloitte Touche Tohmatsu Limited (DTTL) announced today that Barry Salzberg has been elected to the position of global chief executive officer, DTTL. Salzberg will assume his new role and responsibilities on 1 June 2011, the start of the new fiscal year.

Salzberg succeeds Jim Quigley, who is completing his term, and who will transition into a senior client service role as a senior partner in the Deloitte U.S. firm on 1 June 2011. Salzberg’s 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 DTTL worldwide network.

As the new DTTL CEO, Salzberg’s responsibilities will encompass working across a network of 53 member firms operating in 150 countries, with more than 170,000 people worldwide. “I am humbled by the confidence that the network has placed in my leadership during this historic time,” said Salzberg. “Over the years, I have worked closely with Jim Quigley and admired his commitment to our strong global culture and shared values, which have brought us to our preeminent position in the marketplace today. I look forward to leading DTTL, helping grow the Deloitte network’s businesses, and maintaining the relentless focus on quality and client service that our member firms worldwide consistently uphold.”

During his more than 30-year tenure at the Deloitte U.S. firm, Salzberg, 57, has built an impressive record of success through a variety of leadership roles. In 2007, he was elected to his current position as CEO of Deloitte LLP in the United States, where he has balanced building the business with growing talent through successful transactions like acquiring technology consulting firm BearingPoint's government operations, and a relentless investment in talent through initiatives like Deloitte University, a $300 million state-of the-art learning and development facility opening later this year in the United States.

Previously, Salzberg held the roles of U.S. managing partner, as well as managing partner of Deloitte LLP’s tax practice, where he increased its market share significantly and received numerous awards and citations. Salzberg joined Deloitte U.S. in 1977 and was admitted to the partnership in 1985. Salzberg is a member of Deloitte’s U.S. Board of Directors, the DTTL Executive Committee, and the DTTL Board of Directors. He earned a Bachelor’s degree in accounting from Brooklyn College, a Juris Doctorate from Brooklyn Law School, and a Master of Laws degree in taxation from the New York University School of Law.

Press contact

Lauren Mistretta

Deloitte Touche Tohmatsu Limited

Global Communications

Mobile: +1 773 456 8191

lmistretta@deloitte.com

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than150 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's approximately 170,000 professionals are committed to becoming the standard of excellence.

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