PWC unveils new leading partners
Price Waterhouse and Coopers & Lybrand officially merged on 1 July to become consulting giant PricewaterhouseCoopers. The firm has finally named some of the consulting partners to lead the integration of the two firms.
Scott Hartz, managing partner of global management consulting services, said: “We have teams dedicated to integration work, so that we will not detract from our client services focus. In consulting we have set the strategy and are implementing it.”
Peter Davis, former director of management consultancy in Europe at PW, has been appointed deputy global leader, reporting direct to Hartz.
Davis will concentrate on integration issues and will focus on developing the industry sectors that PWC serves. These are in five divisions: energy; information, communications and entertainment; consumer and industrial products; financial services and government. Davis will also be responsible for managing the firm’s “people” strategy. This involves setting up a framework for training, knowledge management, HR and client account management.
John Jacobs, who was formerly in the C&L practice, is also deputy global leader in parallel to Davis. Jacobs will also focus on integration issues but will deal specifically with the firm’s services offerings. These include strategic change and process improvement, ERP, IT and systems integration.
Worldwide the merged consulting firms have 1,100 partners and 24,000 people, and over $4bn in revenue. The consultant headcount is set to rise by almost 50 per cent over the next 12 months.
“We are hiring about 1,000 people a week, many of whom are for the consulting practice,” said Hartz.
Vic Luck, former chairman of Coopers & Lybrand Management Consulting has been appointed theatre (regional) leader for Europe, Middle East and Africa. His opposite number in the US is Lew Krulwich, who has been appointed leader for the Americas, US, Canada and Mexico.