Ernst & Young CEO Mark Weinberger on Monday announced his resignation, effective July 1, 2019.
Ernst & Young is based in London and has its U.S. headquarters in New York.
In a prepared statement, Weinberger touted the accounting firm’s accomplishments during his time as chief executive. He was elected EY global chairman and CEO in 2012.
Said Weinberger:
When I reflected on the massive changes we have navigated over the last seven years and the strong position we command to enable EY to excel in the years ahead, I realized that the time is right for me to step aside. I know there is an even brighter future for EY and I’m excited to see what will be shepherded in by the next generation of exceptional EY leaders. I have great confidence in the extraordinary talent that extends across our organization. I’m thankful for the opportunity to have served EY clients and people around the world.
I am sincerely grateful to each and every one of the 270,000 EY people and countless alumni around the world; the success of EY has always come down to EY people. Individually and collectively we have driven EY’s accomplishments. The best part of being EY Global Chairman and CEO, and what I will miss the most, is traveling around the world to meet with EY people and clients. I have always been amazed and humbled by the everyday acts EY people do to build a better working world and have been privileged to see this firsthand.
Prior to his time at EY, Weinberger served as the assistant secretary of the U.S. Department of the Treasury (Tax Policy) during the the administration of President George W. Bush.
Weinberger was also co-founder of Washington Counsel, P.C., a Washington D.C.-based law and legislative advisory firm that merged into EY and now operates as Washington Council EY.
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