By JOANN S. LUBLIN And MICHAEL RAPOPORT
Audit and consulting firm Deloitte Touche Tohmatsu Ltd. is poised to name Barry Salzberg, the chief executive of its Deloitte LLP arm in the U.S., as its new global CEO.
Mr. Salzberg will replace James H. Quigley, who has been Deloitte’s global CEO since 2007. CEOs at the firm serve four-year terms, and Mr. Quigley, 59 years old, is stepping down when his term ends June 1.
“Last summer, Jim made a personal decision that he wouldn’t seek re-election,” a spokeswoman said. In June, Mr. Quigley will become a senior partner in a client service role, the spokeswoman said. Deloitte is expected to announce the move Thursday.
For the fiscal year ended last May, Deloitte posted $26.6 billion in revenue and had 170,000 employees globally, making it the largest private professional services firm.
Under Mr. Quigley, the firm has bolstered its consulting arms and made moves into emerging markets. In 2010, Deloitte announced it would spend $1 billion on new hires, development and other strategic investments in a five-year period. Over the same period, the group said it would grow to 225,000 employees.
“I am pleased with how we have positioned our businesses broadly,” Mr. Quigley said in an interview with The Wall Street Journal in December.
Mr. Salzberg’s successor as U.S. CEO will be Joseph Echevarria, Deloitte’s U.S. managing partner and chief operating officer. Messrs. Quigley, Salzberg and Echevarria couldn’t be reached for comment.
Mr. Salzberg has been with Deloitte since 1977 and became a partner in 1985. He was named head of Deloitte’s U.S. tax practice in 2000 before becoming U.S. managing partner in 2003 and U.S. CEO in 2007.
Like the other Big Four accounting firms, Deloitte is organized as a global partnership whose affiliates in individual countries operate independently of each other.
Deloitte is also appointing a new U.S. chairman, Punit Renjen, who will replace Sharon Allen, who is retiring, a spokesman said.
—Dana Mattioli contributed to this article.
Write to Joann S. Lublin at joann.lublin@wsj.com and Michael Rapoport atMichael.Rapoport@dowjones.com
