PwC Names Mary Ann Cloyd to Lead its Center for Board Governance

NEW YORK, July 9, 2012 /PRNewswire/ -- PwC US today announced that Mary Ann Cloyd, a partner in PwC's Center for Board Governance, has been appointed leader of the practice, succeeding John Barry who retired from the firm on June 30.  In her new role, Cloyd will lead a group of experienced PwC partners and governance specialists who provide perspectives and insights on corporate governance issues and leading practices.

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"Mary Ann's outstanding technical skills and experience advising clients on governance issues will serve PwC's commitment to helping boards achieve quality of governance at a time of unprecedented regulatory change and shareholder scrutiny," said Bob Moritz, chairman and senior partner of PwC US.  "Under John's leadership," he added, "the Center for Board Governance has become a leading source of information on emerging governance trends and, under Mary Ann's leadership, the team will continue to counsel boards navigating the complex challenges they face."

As leader of PwC's Center for Board Governance, Cloyd heads up a team of PwC partners, including Catherine Bromilow and Don Keller, as well as three directors, making it one of the largest governance practices globally.  Combined, the team brings unsurpassed experience to the table for directors faced with the challenges of achieving strategic growth and managing risk in a fast-changing regulatory environment.

"PwC's Center for Board Governance has an unmatched breadth and depth of expertise in governance that we apply for the benefit of companies and their shareholders, the capital markets and as part of PwC's commitment to quality," said Cloyd.  "We regularly meet with and advise boards and audit committees that find themselves increasingly in the spotlight," she added.

Cloyd also will oversee the production of the Center for Board Governance's Annual Corporate Director Survey and will spearhead its numerous publications and education programs related to board governance.

Cloyd has more than 35 years of experience serving multinational corporate clients across a variety of industries.  She served two terms on PwC's US Board of Partners and Principals and also serves on PwC's Global Board of Partners and Principals.  She is on the Board of Trustees of the Charitable Foundation, Inc. and was President of the Foundation through September 30, 2011.

Cloyd extends her community leadership on the UCLA Iris Cantor Women's Center Advisory Board and the Board of Directors for the Geffen Playhouse in Los Angeles.  She also serves on the Board of the California Chamber of Commerce and previously served on the boards of both Junior Achievement and the American Red Cross.

A certified public accountant in the states of California, Texas, and New Jersey, Cloyd earned a Bachelor of Business Administration from Baylor University, graduating summa cum laude, and is a member of the American Institute of Certified Public Accountants.

About PwC's Center for Board Governance

PwC's Center for Board Governance is a leading resource to enable directors to more effectively meet the challenges of their critical role. By promoting leading governance practices the Center promotes excellence in the boardroom and is dedicated to better enabling boards and audit committees to perform their important roles. To provide timely updates to board members, the Center publishes the Annual Corporate Directors Survey, quarterly To the Point, monthly BoardroomDirect, and offers forums for directors to discuss current issues.

For more information, please visit http://www.pwc.com/US/CenterForBoardGovernance.

About the PwC Network

PwC firms help organizations and individuals create the value they're looking for.  We're a network of firms in 158 countries with close to 169,000 people who are committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com.

© 2012 PricewaterhouseCoopers LLP, a Delaware limited liability partnership. All rights reserved. PwC refers to the US member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.

SOURCE PwC US