Gregory G. Weaver Named Chairman and CEO of Deloitte & Touche LLP
July 9, 2012 (PRNewswire) Deloitte announced that Gregory G. Weaver has been named chairman and chief executive officer of Deloitte & Touche LLP, the accounting, auditing and risk advisory subsidiary of Deloitte LLP. Weaver's appointment was ratified by the partners and principals of Deloitte & Touche and is effective immediately.
Weaver, who has served as lead client service partner for several of Deloitte & Touche's largest clients, succeeds Stephen C. Van Arsdell, who has served as chairman and CEO of Deloitte & Touche since 2010.
With over 38 years of experience at Deloitte, including 27 years as a partner, Weaver has an extensive background underscored by diverse leadership roles -- most notably as chairman and CEO of Deloitte & Touche from 2001 to 2005.
"Greg is a natural choice to lead our audit and advisory subsidiary," said Joseph Echevarria, chief executive officer of Deloitte LLP. "His prior experience in this position, in particular, gives him a deep understanding of the most critical aspects of its business and the unique role of the auditor in building trust and protecting the investing public and capital markets. Moreover, Greg's relentless focus on quality, combined with his technical expertise and unwavering integrity, has earned him the respect of his peers inside and outside Deloitte."
Prior to being named to his new role, Weaver was a member of the board of directors of Deloitte LLP, serving on its Governance and Compensation Committees and chairing its Succession Committee.
"I am honored to have the opportunity to lead our audit and advisory subsidiary. I'm also proud to be part of an organization like Deloitte that is passionate and committed to leading the profession," said Weaver.
"We will lead by providing distinguished service to the investing public and capital markets through the consistent execution of quality audits, and by delivering the insights clients need to address their most complex business challenges," Weaver added. "If we do these things right - consistently - we will continue to earn the trust and respect of clients and the marketplace, alike."
Weaver holds a master's degree in business administration from Rutgers University and a bachelor of science degree in mathematics from Albright College. He is a certified public accountant and a member of the American Institute of Certified Public Accountants.
Weaver serves on the board and executive committee of the National Council for Minorities in Engineering, Inc. He is also a former member of the Stan Ross Department of Accountancy's Board at Baruch College and a former member of the Financial Accounting Standards Advisory Council.
Deloitte & Touche provides audit and other attest services, as well as risk advisory services, to leading enterprises and is registered with the U.S. Public Company Accounting Oversight Board to perform audits of U.S. public companies. Advisory assists clients in identifying, assessing, implementing and managing risk strategies related to strategic, regulatory, financial, operational and technology risks. Advisory professionals also play an important role in the delivery of audit services as technology and risk specialists.