Deloitte Elects New Chairman of the Board, Deloitte Touche Tohmatsu Limited

NEW YORK, June 2, 2011 /PRNewswire/ --

- Stephen Almond takes the helm as Chairman of the Board for Deloitte Touche Tohmatsu Limited

Deloitte Touche Tohmatsu Limited (DTTL) today announced that Stephen Almond is the new Chairman of the Board, DTTL. Effective immediately, Almond will succeed John P. Connolly, who has served as Chairman of the Board, DTTL, since June 2007 and whose term ended on May 31, 2011. As the new Chairman, Almond oversees the highest governing body of DTTL.

DTTL Global Chief Executive Officer Barry Salzberg said of Almond's appointment, "I am excited about Steve's election. His relentless focus on quality and client service and extensive global client experience will be significant assets in helping us advance the Deloitte organization's leadership in the marketplace. Through a career spanning more than thirty years with the Deloitte network, Steve has proven himself a world-class leader in financial services, and particularly audit, the cornerstone of our business. His business knowledge, combined with deep member firm and practitioner perspectives, will provide him with a tremendous foundation for future success as Chairman of the Board for DTTL."

Previously, Almond served as Deputy Global Chief Executive Officer, Clients, DTTL, a role in which he championed a consistent, differentiated approach to serving clients across borders and industry sectors. He also spent four years as Global Managing Director, Audit, Deloitte Touche Tohmatsu.

"I am deeply honored by my appointment as Chairman of the Board for DTTL," said Almond. "In my many years in the professional services industry, I have learned firsthand the importance of effective governance and have served under a board that truly represents the best in our business and the industry. During the recent economic downturn, Deloitte member firms brought the full breadth of the global network's resources to help clients adapt to the new market realities, while maintaining an unyielding focus on quality. It is a privilege to take on this leadership role at a time of growth and opportunity for the global marketplace, as well as the Deloitte organization worldwide."

Almond earned his Bachelor's degree from the University of London. He is a Fellow of the Institute of Chartered Accountants in England and Wales, a member of the Deloitte UK Executive, and also sat on the Deloitte UK Board for nearly 15 years. He was also a member of the DTTL Executive Committee. Almond is married with three children and will be based in London, United Kingdom.

To request a photograph of Stephen Almond, email jychopra@deloitte.com or lmistretta@deloitte.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see http://www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's approximately 170,000 professionals are committed to becoming the standard of excellence.