EY’s CEO, Carmine Di Sibio, has announced his retirement in 2024 – one year earlier than planned.
- The announcement follows the rejection of EY’s “Project Everest” plan to split its audit and consulting units by its US branch in April.
- The plan aimed to accelerate growth and avoid conflicts of interest.
- Di Sibio was supposed to oversee the break-up until the end of his mandate in 2025.
- EY’s 13,000 worldwide partners were required to approve the plan.
- In a statement, Di Sibio said he was proud of the bold vision set out in Project Everest.
- Di Sibio reached the mandatory retirement age of 60 in March.