EY today announces that Janet Truncale has been elected the next EY Global Chair and CEO, effective from 1 July 2024. Janet will succeed current EY Global Chair and CEO Carmine Di Sibio, who steps down on 1 July 2024.
Janet is currently serving as Regional Managing Partner, EY Americas Financial Services Organization (FSO). In this role she leads a diverse team of more than 14,000 professionals throughout the Americas. Janet works closely with EY clients to build a financial services industry in which financial institutions are trusted and flourish, customers’ financial goals are attainable, and the global economy is healthy, growing and secure.
Previously Janet was the Managing Partner for Americas FSO Assurance, enhancing audit quality and leading the strategy, operations and management of 3,000 professionals.
Di Sibio says, “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 added, “It will truly be an honor to lead this amazing organization. The work we do in creating opportunity for our people and clients, as well as our role in the capital markets defines EY as an organization, and I couldn’t be prouder to have the opportunity.
“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.”
As Global Chair and CEO, Di Sibio led the development of NextWave, the profession’s first global strategy focused on creating long-term value for all stakeholders – EY people, partners, clients and society – expanding on the EY purpose of Building a better working world. The strategy, which emphasized global integration, client centricity, a focus on developing EY people and in creating leading technology, led to a compounded annual growth rate of 9.5% and additional US$13 billion in revenue over his tenure. Di Sibio has driven transformative change through bold investments in emerging technology, artificial intelligence (including launching the US$1.4b EY.ai platform) and innovation. Di Sibio also conducted a forward-looking review of the organization and advocated to lead the industry as a disruptor through Project Everest. While the project did not move forward it shaped both EY and the professional services landscape.
Under his leadership, EY made bold commitments to sustainability including appointing EY’s first Chief Sustainability Officer and leading the Big Four in a commitment to be carbon negative by 2025, under which EY has reduced its GHG emissions by over 40% since 2019. Carmine has also been passionate about accelerating the Diversity, Equity and Inclusion agenda within and outside of EY, including sponsoring a Global Social Equity Task Force in 2020, and increasing the percentage of women on the Global Executive board to 33%.
Di Sibio was elected as EY Global Chair and CEO in 2019 and served on the EY Global Executive for the past 11 years.
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Full Bio of Janet Truncale
Janet is currently serving as Regional Managing Partner, EY Americas Financial Services Organization (FSO). In this role she leads a diverse team of more than 14,000 professionals throughout the Americas. Janet works closely with EY clients to build a financial services industry in which financial institutions are trusted and flourish, customers’ financial goals are attainable, and the global economy is healthy, growing and secure.
Previously Janet was the Managing Partner for Americas FSO Assurance, enhancing audit quality and leading the strategy, operations and management of 3,000 professionals.
Throughout her 30-year career in the global financial services industry, Janet has provided assurance and consulting services to leading Fortune 500 companies and worked with boards, audit committees and senior management to resolve complex business issues. She has served as the GCSP and Senior Advisory Partner on many of the organization’s largest global clients.
Janet has been a long-time sponsor of DE&I in the Americas, including as an active member of the EY Global Social Equity Task Force, in the build and launch of the EY ‘Uplift’ campaign and other equity initiatives across EY, and as a champion of DE&I in the marketplace and communities. Janet is the executive sponsor of the EY US Veterans Network.
Outside of EY, Janet serves as the Board Chair for Women’s World Banking, a global non-profit devoted to giving more low-income women access to critical financial tools. She is also on the Board of Directors of UNICEF USA, and serves as a managing trustee for Liberty Science Center, a not-for-profit learning center dedicated to inspiring the next generation of scientists and engineers. Janet has received the Profiles in Diversity Journal Women Worth Watching Award and was named in the Crain’s New York Business Notable Women in Accounting and Consulting list (2019 and 2021).
Janet joined EY as an intern and received her BSE from The Wharton School of the University of Pennsylvania, and her MBA from Columbia University. She is a certified public accountant in New York and a member of the American Institute of Certified Public Accountants. Janet and her husband live in New Jersey and have three children.
