The firm stuck to its word with the announcement of Berardino into the elected position – which holds a four-year term – just weeks after revealing the position would be filled by an internal appointment.
Berardino who will also serve as managing partner-chief executive of Andersen Worldwide, was serving as Andersen’s managing partner for the assurance and business advisory practice in North America.
Referring to the firms recent split from Andersen Consulting – now rebranded accenture, Berardino, said: ‘This is a great time to lead Arthur Andersen and I look forward to working with my partners and our people to continue to grow our firm. I am also determined that our firm will continue to be in the forefront as visible advocates for the investor and the public good.’
Louis Salvatore took over the interim role after Jim Wadia resigned at the conclusion of the arbitration in August after three years in the role.
The new chief has identified early priorities, which include creating more career paths, rewards and recognition for Andersen staff. To support his aims, Berardino has created a five-person global executive team including the CEO position.
UK managing partner Philip Randall will become the managing partner of global operations. He will be joined by Kay Priestly, Thomas Elliottand Xavier de Sarrau.
Berardino, 50, joined the firm in 1972 and was admitted to partnership in 1982. He is a member of the firm’s board of partners, the executive council for the US practice and the leadership council for the Metro New York practice.
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