Copeland announced his departure at the annual meeting of the firm’s US partnership, at the same time announcing his retirement as chief executive of the US firm.
Described as a ‘straight-talking native of Georgia’, Copeland will stand down at the end of May, allowing time for new leaders to be elected for both the US firm and the global group.
John Connolly, Deloitte & Touche’s UK senior partner is likely to be in the running for the top job, though he could face competition from senior US partners.
During his time as leader of the global organisation, Copeland has seen the firm grow from fifth to second largest, and has presided over the US firm at a time of great turbulence for the accountancy profession.
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Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com