David Sproul re-elected as Deloitte UK chief executive

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David Sproul re-elected as Deloitte UK chief executive

Thursday 5 February 2015

David Sproul will serve another term as the chief executive of Deloitte UK, after being re-elected by the firm’s partners.

  • Mr Sproul’s re-election follows a jump of more than 20% in the firm’s revenues.
  • Since 2011, he has overseen a 10% rise in the group’s headcount.
  • Deloitte UK’s investment budget will double during Mr Sproul’s second term.

Deloitte increased its revenues from £2,098 million in May 2011 to £2,550 million in the latest financial year

David Sproul has been re-elected as the senior partner and chief executive of Deloitte UK, following a significant rise in the business advisory firm’s revenues.

Mr Sproul has overseen a revenue improvement of more than 20% since his original appointment four years ago.

Key achievements
During Mr Sproul’s time as chief executive, Deloitte UK has:

  • Increased its revenues from £2,098 million in May 2011 to £2,550 million in the latest financial year.
  • Boosted its number of partners and employees to around 14,000, marking a rise of more than 10%.
  • Developed the Deloitte Digital group, which now offers digital consulting services.
  • Quickly expanded its operations in Switzerland.
  • Provided financial support worth more than £2.5 million to forward-thinking businesses through the Social Innovation Pioneers programme.

Deloitte’s investment budget to double
Looking ahead to his second term, which will begin on 1 June, Mr Sproul said Deloitte will benefit from a much stronger investment budget.

He said: “With uncertain markets and ever-developing client expectations we will continue to be bold in our commitment to innovative new services and solutions.  

“That is why in my second term as CEO, I will double the firm’s annual investment budget to more than £80 million, equivalent to more than 10% of current profits.”

Investing in people
Mr Sproul added that he is keen to prioritise investments in new and existing talent.

The business advisory firm will seek to meet the career expectations of its employees by continuing to develop their skills and leadership potential, he said.

Responding to uncertainty
Mr Sproul, who has previously overseen the firm’s UK and EMEA tax operations, said it is important that political and economic uncertainties are addressed.

The May general election and economic problems on the continent are creating feelings of uncertainty among chief financial officers, he highlighted, and this is something that needs to be recognised.

Grasping opportunities and challenges
As he enters his second term, Mr Sproul said he is keen to build on previous successes.

“I am incredibly proud to be elected as chief executive of Deloitte for a second term and of the successes the firm has enjoyed during my first four years in this role. I am equally excited and energised by the opportunities and challenges which lie ahead,” he concluded.

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Copyright Press Association 2015 

“I am incredibly proud to be elected as chief executive of Deloitte for a second term and of the successes the firm has enjoyed during my first four years in this role. I am equally excited and energised by the opportunities and challenges which lie ahead,”
David Sproul, Deloitte UK CEO

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