Who Is Janet Truncale, The Big Four Corps’ First Female CEO

Ernst and Young (EY) announced on November 15 that Janet Truncale has been elected as their next Global Chair and CEO, effective from July 1, 2024. She will be the first female professional to lead a Big Four firm. 

Truncale, who is currently the regional managing partner of EY America's financial sector will be replacing the incumbent CEO Carmine Di Sibio, who has been working with the company since 1985. He expressed his trust in Truncale and said, "Janet is an exceptional leader, with a strong foundation in serving clients across all EY’s businesses. She is a great choice to lead our organization through the next chapter of its history. I truly believe Janet will inspire EY people and partners through her strong emphasis on culture and her deep experience."

Truncale responded, “I am inspired by the example Carmine has set, instilling an intent to be profession leaders, focusing on staying ahead of the curve in technology and most of all personifying EY values.”

After a month-long and controversial selection process, six candidates were chosen from a cohort of 11 applicants. An 18-member global executive team then voted for Truncale at a London meeting this week. The choice was then ratified by a council of other senior partners.

Who is Janet Truncale?

Janet Truncale has over 30 years of experience with EY, where she first joined as an intern in 1991. She holds an MBA from Columbia University and a BSE from The Wharton School of the University of Pennsylvania. She is also a certified public accountant in New York and a member of the American Institute of Certified Public Accountants. 

She is currently the EY Vice Chairperson and Regional Managing Partner of the EY Americas Financial Services Organization and will be the CEO from July 2024. Throughout her career, the 53-year-old has provided financial consulting services to leading Fortune 500 companies and worked with senior management professionals and audit committees.

Truncale received the Profiles in Diversity Journal Women Worth Watching Award in 2019 and was named in Crain’s New York Business Notable Women in Accounting and Consulting list in 2021. 

Truncale has been a long-time sponsor of Diversity, Equity, and Inclusion (DE&I) by launching and being a part of several equity initiatives across EY. She is also the executive sponsor of the EY US Veterans Network. Outside of EY, she serves as a board member and trustee of Women’s World Banking, UNICEF USA, and Liberty Science Center, among other non-profit organisations. 

Janet Truncale spends her weekends enjoying family time at her vacation home in Vermont or cooking and entertaining with her husband and three children.

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