PwC Australia appoints new CEO, offloads government business

  • 📰 theage
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 77%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

PwC has appointed one of its most senior global executives to take control of its Australian firm and has confirmed the sale of its government business to private equity group Allegro Funds for $1.

Kevin Burrowes, who is currently PwC Network’s global clients and industries leader based in Singapore, will relocate to Sydney for the chief executive role and will be made a partner of PwC Australia.

“Under past leadership, PwC Australia failed to meet the Network’s Code of Conduct and uphold the Network’s professional standards and values. Its past actions are not representative of the work and behaviours of PwC around the world and I am deeply sorry to our clients, our broader stakeholders and our people,” Moritz said.

Before his current role as global clients and industries leader, Burrowes was managing partner of PwC UK’s clients and markets department and has also had stints in senior executive roles at IBM, Credit Suisse and the Royal Bank of Scotland. His career spans across Singapore, London, New York and Frankfurt.

He also thanked acting CEO Kristin Stubbins, who will remain in the role until Burrowes completes the Australian immigration process.The company on Sunday also confirmed it would sign a binding agreement with Allegro Funds to sell its federal and state government business for $1 by the end of July.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Embattled PwC exploring sale of government consulting businessThe Australian consulting outfit is in talks with private equity firms to sell its government, education and healthcare practice.
Source: FinancialReview - 🏆 2. / 90 Read more »