Former Andersen saviour could return
Speculation is mounting over who will emerge as interim chief executive officer of beleaguered firm Andersen, following the resignation of Joe Berardino - with partner Lou Salvatore emerging as a frontrunner.
Speculation is mounting over who will emerge as interim chief executive officer of beleaguered firm Andersen, following the resignation of Joe Berardino - with partner Lou Salvatore emerging as a frontrunner.
According to sources close to the firm, US-based Salvatore could be set for a repeat of his stay as interim CEO following the firm’s split from Andersen Consulting in 2000, when Jim Wadia resigned.
During his five-month stint, Salvatore ruled himself out of applying for the post full-time. He stepped down when Berardino was chosen to lead the firm in January 2001.
A similar situation may re-emerge, as the firm is eager to make an appointment as soon as possible. It is thought an announcement may emerge following an Andersen Worldwide board meeting set to take place in London next week.
No time has yet been confirmed for the meeting, but speculation is mounting it will take place on Tuesday.
A spokesman for the firm said it was looking to make an announcement as soon as possible, although said an external appointment was unlikely.
Another contender for the interim role is Paul Volcker, former chairman of the Federal Reserve, and who has been hired by Andersen to review its practices.
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThree years after accountancy group DJH Mitten Clarke launched, they have announced that they have rebranded to DJH. The DJH Mitten Clarke name reflec...
View articleStatic budgets outdated. Embrace agile budgeting for a smooth year-end close and adapt to changing markets. Read More...
View articleSaffery Champness's strategic rebrand to "Saffery" reflects a bold step towards aligning its historic values with a modern, innovative ethos, fosterin...
View articleSumer’s CEO Warren Mead believes accountants have a responsibility to champion smaller and medium-sized businesses and that successful entrepreneurs a...
View articleMid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...
View articleBaker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...
View articleWhilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...
View articleGrant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...
View article