India-born Punit Renjen (pictured), chairman of the board of the Deloitte US member firm, has been named Deloitte Global’s new chief executive officer (CEO). He will assume the new role on June 1.
Renjen succeeds Barry Salzberg, who will retire from Deloitte Global and become a professor of professional practice at Columbia Business School. Salzberg also plans to serve on the boards of public companies.
Renjen’s appointment is part of a rigorous and comprehensive nomination and member firm-partner ratification process carried out every four years.
The Deloitte network comprises 47-member firms across 150 countries. It employs about 210,000 people worldwide.
“I am honoured to have been elected as Deloitte Global’s next CEO. It is a privilege to be part of an organisation that delivers high-quality services and innovative solutions to the best clients, develops the most talented professionals into leaders and does its part to improve the societies in which we operate,” said Renjen. “We are an organisation led by a purpose — to make a positive, meaningful impact that matters to everyone Deloitte touches. I will do my best to serve the network by helping enable our leaders and people to fulfil their passion to make a difference.”
Renjen joins a growing list of Indians taking up top jobs at US companies. Others include Microsoft chief Satya Nadella and PepsiCo CEO Indra Nooyi.
Originally from Rohtak, Renjen studied at The Lawrence School in Himachal Pradesh, and went to the US to pursue a management degree on a scholarship from Willamette University.
Renjen has also served as chairman and CEO of Deloitte Consulting LLP in the US. During his tenure as US consulting CEO, the consulting practice saw tremendous growth, despite a recession; helping Deloitte Consulting LLP become one of the largest consulting providers, according to analyst rankings.
Renjen is considered an expert in mergers & acquisitions (M&A), assisting clients through the M&A lifecycle.