EY 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.
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 and Regulatory Services. Di Sibio is a practicing Certified Public Accountant.
Weinberger says in the press release: “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”.
