Punit Renjen begins his second term as Global CEO at Deloitte
Big Four accounting and advisory firm Deloitte’s global CEO Punit Renjen began his second term at the helm of the organisation yesterday, following a successful first term. Renjen’s four years as CEO have seen Deloitte ascend to the most successful of the Big Four firms in terms of revenue.
Renjen hails from a small town in Haryana, India, and his journey to the global helm of Deloitte has been relayed several times as he has grown in profile. Troubles in his family business forced Renjen to drop out of school and work at his father’s factory for a number of years, before he could enrol in a local college for a degree in economics.
The degree opened professional doors for him, and he was accepted into home appliance manufacturer Usha International, before eventually moving to Williamette University in Oregon to complete an MBA on scholarship. Renjen has been at Deloitte since 1987, when he became affiliated with the firm after Touche Ross was taken over.
Over the course of his lengthy career at the Big Four professional services firm, Renjen has held a number of high-profile positions, including the US Leader for M&A Consultative Services and Global Leader for Consulting Strategy & Operations. He was appointed Global CEO in June 2015.
Deloitte has gone from strength to strength since his appointment, having exceeded an aggregate revenue of $43 billion last year, which makes it the strongest performer in the professional services arena. Renjen has also taken the lead on launching Deloitte’s WorldClass programme across the globe.
The programme is designed to empower disadvantaged segments within the global economy. WorldClass was launched in India in February this year with the objective of training and empowering as many as 10 million women and girls across the Indian market on the next ten years.
Renjen now commences his second term as Global CEO at Deloitte, where he will continue to manage and strategise the firm’s position in the global economy. One aspect that is high on his agenda is an expanding profile in India, given that the economy is set to play a central role across the globe in the near future.
Commenting on his new term, Renjen said, “Leading Deloitte has been a privilege, and I am honored to be chosen by my colleagues to continue our work for four more years. As Deloitte nears its 175th year, I'm both proud of the significant impact our professionals have made, and optimistic about Deloitte's ability to enhance trust in markets, create solutions for clients, develop highly capable leaders, and help solve the toughest societal challenges.”
“When I began my career in the 1980s, I doubt there was anyone who could have envisioned the world we live in today or the important role that business would play in creating a more sustainable and equitable society. Ultimately, the success Deloitte achieves and the mark we'll leave will be measured not by the bottom line, but by the positive impact we make for clients, our people, and for society. The work we do is both challenging and exhilarating, and I'm thrilled to be able to continue this journey in my current role,” Renjen added.
