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March 2016 ... Appointment of PwC Global Chairman: Bob Moritz

Burgess COMMENTARY

Peter Burgess

PwC USNew PwC Global Chairman: Bob Moritz PwC announces new Global Chairman Bob Moritz Bob Moritz selected Global Chairman of PwC

The PricewaterhouseCoopers International Network has selected Robert E. Moritz as its new chairman for a four-year term beginning on July 1, 2016.

Since 2009, Mr. Moritz has led PwC US as its chairman and senior partner. During his tenure, the US firm focused on increasing quality service and enhancing its brand and reputation by developing and retaining key talent and expanding its capabilities across all areas of the business.

Mr. Moritz has been with PwC his entire career, joining in 1985 and becoming a partner in 1995. His background is in Assurance, primarily serving financial services companies. During his career he spent three years with PwC Japan, where he provided audit and advisory services to numerous European and US-based financial services organisations operating in Japan and across Asia. Mr. Moritz has held a number of leadership roles within PwC, including leading the US Assurance practice as well as serving as the managing partner for the New York region.

He recently completed two terms as the chairman of the Governing Board for the Center for Audit Quality, a non-partisan and non-profit group dedicated to enhancing investor confidence and public trust in the global capital markets. In addition to the Center for Audit Quality, Mr. Moritz is involved with a number of boards, including the Oswego College Foundation, the Conference Board, the Atlantic Council, and the Partnership for New York City.

“Bob brings a strong sense of purpose, strategic leadership and business insight. His clear focus on all stakeholders is critical to the successful future of our worldwide network,” said John G Maxwell, chairman of PwC’s Global Board. “During his tenure in the US, Bob's outspoken support of work-life flexibility for the firm's people, the importance of diversity on his own team, and the significant investments he has overseen in new and cutting edge technologies make him the ideal forward-looking leader to navigate the global economy and bring our best ideas and solutions to clients.”

Mr. Moritz succeeds Dennis Nally, the current PwC global chairman, who will retire this June after a 42-year career with PwC. Mr. Nally served two terms in this position during a time of considerable growth and expansion, including the 2014 acquisition of consulting firm Booz & Company.

'I would like to thank Dennis for his commitment and very successful leadership of the PwC network over the last seven years. He has not only been an excellent ambassador for PwC, but a challenging voice to business on the issues of diversity, purpose and our understanding of the megatrends reshaping the global economic landscape,' added Mr. Maxwell.

Mr. Moritz’s successor as chairman of PwC US will be announced later this year, following an election process.

'What I’ve also come to understand over the past 30 years is the tremendous impact that PwC and our people collectively and individually have for stakeholders we serve and for society.'

Bob Moritz About Bob

Robert (Bob) E. Moritz has been named the new Global Chairman of PwC International Limited (PwC-I) effective July 1, 2016. He is currently the Chairman and Senior Partner of PricewaterhouseCoopers LLP, the US member of the network. He has served in that role since July 2009 and was recently re-elected by the firm’s 2,700 US partners to serve a second four-year term through July of 2017. Bob leads the firm’s US leadership team, whose job is to sustain and enhance an inclusive, flexible and high performance culture that enables PwC’s 37,000 plus professionals to develop the leadership required to create lasting value for the companies and broader stakeholders it serves.

As Senior Partner of one of PwC-I’s largest territories, Bob also serves on PwC’s global network leadership team. Additionally, Bob is active outside of PwC. He sits on the International Advisory Board of the Atlantic Council, chairs the Governing Board of the Center for Audit Quality and is on the board of trustees of The Conference Board. In addition, Bob is a member of the Committee Encouraging Corporate Philanthropy, serves on the board of directors of the Oswego College Foundation and is a partner of the Partnership for New York City, a partnership of businesses dedicated the economic enhancement of New York’s five boroughs.

Bob is certified as a public accountant by the American Institute of Certified Public Accountants, the New York State Society of CPAs and the New Jersey State Society of CPAs. He has significant experience in serving large, multinational clients in various industries, with focus on the banking, capital markets, investment management, real estate and insurance sectors.