PracticeAccounting FirmsBREAKING NEWS: Andersen appoints new CEO

BREAKING NEWS: Andersen appoints new CEO

Fracturing firm Andersen has today named Aldo Cardoso as acting chief executive officer - with his main objective to preside over the break up of the Andersen empire to any of its rival Big Five firms.

Cardoso, chairman of the firm’s Worldwide Board of Partners, will continue in this role.

According to a statment from Andersen, Cardoso’s key role ‘will be to direct an orderly process by which the individual member firms of Andersen Worldwide can pursue transactions that provide the best opportunities for their partners, employees and clients.’

The statement makes no mention of efforts to save Andersen in the SU from insolvency in the face of huge compensation claims and criminal charges.

Commenting on his role, Cardoso said: ‘This new role is a natural extension of my responsibilities as chairman of the Andersen Worldwide Board of Partners. I will continue to work with our partners around the world to help them achieve as quickly as possible the best outcome for their people and their clients’.

Cardoso has been chairman of the Andersen Worldwide Board since 2000 and a board member since 1998. He is based in Paris and is country managing partner of the France member firm.

Cardoso succeeds Joe Berardino, who quit the firm last month after 14 months in the role.

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