Well it looks like Everest cheerleader Andy Baldwin didn’t get his wish to completely change how EY handles mandatory retirement age so that he could take the crown at 57 years old. Suck it, Baldwin.
Just two hours ago, EY announced the firm has selected Janet Truncale to be EY Global Chair and CEO, effective July 1, 2024. She of course steps into the highly polished shoes of Carmine Di Sibio who sadly only made it a single term. Janet currently serves as Regional Managing Partner, EY Americas Financial Services Organization (FSO).
Did Deloitte’s communications team write this blurb? Let’s dial it back a little, you guys.
In this role she leads a diverse team of more than 14,000 professionals throughout the Americas. Janet works closely with EY clients to build a financial services industry in which financial institutions are trusted and flourish, customers’ financial goals are attainable, and the global economy is healthy, growing and secure.
Prior to her current position Janet was the Managing Partner for Americas FSO Assurance with a team about one-fourth the size of her existing one. 3,000 -> 14,000 -> 400,000. Nicely done climbing that ladder, ma’am (not sarcastic).
Outside of EY, Janet serves as the Board Chair for Women’s World Banking, a global non-profit devoted to giving more low-income women access to critical financial tools. She is also on the Board of Directors of UNICEF USA, and serves as a managing trustee for Liberty Science Center, a not-for-profit learning center dedicated to inspiring the next generation of scientists and engineers. Janet has received the Profiles in Diversity Journal Women Worth Watching Award and was named in the Crain’s New York Business Notable Women in Accounting and Consulting list (2019 and 2021).
Janet joined EY as an intern and received her BSE from The Wharton School of the University of Pennsylvania, and her MBA from Columbia University.
“Janet is an exceptional leader, with a strong foundation in serving clients across all EY’s businesses,” said Carmine Di Sibio or, more accurately, the people who handle EY press releases with his blessing. “She is a great choice to lead our organization through the next chapter of its history. I truly believe Janet will inspire EY people and partners through her strong emphasis on culture and her deep experience.”
And SHE said, “It will truly be an honor to lead this amazing organization. The work we do in creating opportunity for our people and clients, as well as our role in the capital markets defines EY as an organization, and I couldn’t be prouder to have the opportunity. I am inspired by the example Carmine has set, instilling an intent to be profession leaders, focusing on staying ahead of the curve in technology and most of all personifying EY values.”
Reactions, reflections on Carmine’s time at the helm, and well wishes for Janet are welcome in the comments. Be nice, please.