EY Names First Female CEO

Big Four accounting firm EY announced that Janet Truncale has been elected the firm’s next Global Chair and CEO, effective 1 July 2024. Janet will succeed current EY Global Chair and CEO Carmine Di Sibio, who is stepping down. She will be the first female CEO in EY (formerly Ernst & Young) history.

Truncale is currently serving as Regional Managing Partner, EY Americas Financial Services Organization (FSO). In this role she leads a team of more than 14,000 professionals throughout the Americas. She 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 Truncale 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.”

Outside of EY, Truncale 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).

Truncale has been with the firm for 32 years and first joined EY as an intern. She 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.