The Business Times

EY CEO retires after UK audit firm’s split plan fails

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Published Wed, Jun 14, 2023 · 06:41 AM
    • Carmine Di Sibio, who has headed the group since 2019, was supposed to oversee the break-up until the end of his mandate in 2025 but the project was rejected by its US branch in April.
    • Carmine Di Sibio, who has headed the group since 2019, was supposed to oversee the break-up until the end of his mandate in 2025 but the project was rejected by its US branch in April. PHOTO: REUTERS

    UK FINANCIAL services firm EY announced on Tuesday that its CEO will retire in 2024 – a year earlier than planned and on the heels of a failed plan to split its audit and consulting units.

    Carmine Di Sibio, who has headed the group since 2019, was supposed to oversee the break-up until the end of his mandate in 2025 but the project was rejected by its US branch in April. AFP

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