PwC appoints new chiefs

James J. Schiro, PwC global CEO, also announced the following appointments:

Frank Brown, 44, currently managing partner of PricewaterhouseCoopers’ New York area offices, will lead PricewaterhouseCoopers global Assurance and Business Advisory Services (ABAS).

Frank Doyle, 52, currently global leader of PricewaterhouseCoopers Technology, Information, Communications and Entertainment (TICE) industry practice, will lead PricewaterhouseCoopers transformation to a fully integrated e-business.

Rocco Maggiotto, 49, currently global financial services industry sector leader, will be responsible for the firm industry specialization programs, client relationship management, marketing, and strategic planning.

Amyas Morse, 51, currently global ABAS leader, will lead operations, with responsibility for overseeing cost and financial performances processes.

John Roberts, 55, currently responsible for organisational development, will take on a new role in managing the PricewaterhouseCoopers businesses that will be separated as part of the the firm’s restructuring.

Commenting on these new appointments, Mr Schiro said: ‘Anyone who still believes that the core assurance business is a no-growth, lacklustre loss-leader has been asleep for the past two years. A confluence of forces – the internet, stakeholders’ demands for real-time financial information, new corporate value drivers, global stock trading, 24-hour business news and security needs for electronically transmitted information, are fundamentally changing the way we do business.’

He added: ‘The preparations for the separation of some of our services have given us a tremendous opportunity to look closely at how we are serving clients and managing our business. These appointments are a key outgrowth of that process that will enhance our ability to serve the changing needs of our global clients.’

O’Neill will run the day-to-day operation of PwC while Schiro, as CEO, and other ‘members of leadership’ will focus on developing, driving and implementing the organisation’s transformation to become a leader in the new economy and its vision to remain the market leader in its category.

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