Arthur Andersen interim worldwide managing partner Lou Salvatore has ruled himself out of the running for the position of CEO - but confirmed the firm will appoint from within.
The firm has carried out an extensive search for a new CEO following the resignation of Jim Wadia in August following the firm’s divorce from Andersen Consulting.
Salvatore said the firm had drawn up an extensive list of both external and internal candidates for the role, but had concluded to appoint from within.
‘When I became interim worldwide managing partner, we decided I would not be a candidate for the position so that I could run the firm now without any self-interest and in a manner which would mean I could work diligently to put the new person in place,’ said Salvatore.
He added: ‘Our CEO selection committee has produced a long list but concluded the appointment will be made from within. The real trick will be to whittle the final list down as we have a long list of excellent candidates.’
It is understood the search committee is on course to make the appointment next month.
Arthur Andersen today unveiled record global revenues of US$8.4bn for the year ended 31 August 2000.