Stephen C. Van Arsdell Named Chairman and CEO of Deloitte LLP's Audit and Enterprise Risk Services Subsidiary
Aug 11, 2010, 03:03 ET
NEW YORK, Aug. 11 /PRNewswire/ -- Deloitte LLP today announced that Stephen C. Van Arsdell has been named chairman and chief executive officer of Deloitte & Touche LLP (Deloitte & Touche), the accounting, auditing, capital markets and risk advisory subsidiary of Deloitte LLP. Van Arsdell's appointment was ratified by the partners and principals of Deloitte & Touche.
Van Arsdell, who most recently served as deputy chief executive officer of Deloitte & Touche with responsibility for the professional practice network, succeeds Nick Tommasino, who has served as chairman and CEO of Deloitte & Touche since 2006. Tommasino will become a vice chairman of Deloitte LLP and serve as advisory partner to several of Deloitte's top clients.
"I am fully confident in Steve's ability to lead Deloitte & Touche through the myriad challenges and opportunities presented by the economic recovery and regulatory environment changes," said Barry Salzberg, chief executive officer of Deloitte LLP. "His extraordinary talent, experience and leadership style will help further the practice's primary mission to conduct the highest quality audits. As a continuing and integral member of our senior leadership team, I know his contributions will be considerable."
Salzberg added, "Nick Tommasino has demonstrated a deep sense of partnership and commitment to our organization, and we thank him for his leadership. We're delighted to bring his client service skills back to the marketplace."
Van Arsdell brings more than 35 years of experience to his new role as chairman and CEO of Deloitte & Touche. He has served as the lead client service partner to some of Deloitte's most prominent clients across various sectors, including aerospace and defense, manufacturing, financial services and consumer products. Van Arsdell has served also as a member and vice-chairman of the board of directors of Deloitte LLP.
"I am excited to take the helm of Deloitte & Touche during such dynamic times," said Van Arsdell, who will also serve as chief quality officer for Deloitte & Touche. "We know that to succeed we must always be a leader in quality. This is a shared commitment from all within our organization. The goals we set for ourselves will raise the bar for quality throughout the profession."
Deloitte & Touche provides audit and other attest services, as well as enterprise risk services, to a myriad of clients and is registered with the U.S. Public Company Accounting Oversight Board to perform audits of U.S. public companies. Enterprise risk services assist clients in identifying, assessing, and addressing uncertainties related to strategic, financial, and operational and technology risks. Enterprise risk services professionals also play an important role in the delivery of audit services as technology and risk specialists.
A resident of Naperville, Illinois, Van Arsdell earned bachelor's and master's degrees from the University of Illinois. He remains active with the University of Illinois serving on the advisory council to the Dean of the College of Business, on the board of directors of the College of Business Alumni Association, as well as on the finance and audit committees of the University's Alumni Association. Van Arsdell also serves various community organizations and has worked extensively with the Naperville-based Conservation Foundation, for which he is a past chairman and remains a member of its board of trustees.
Prior to joining Deloitte & Touche, Van Arsdell worked for the Financial Accounting Standards Board (FASB) as a member of the technical research staff and as a technical assistant to the board's chairman.
As used in this document, "Deloitte" means Deloitte LLP, Deloitte & Touche LLP and Deloitte Services LP, which are separate subsidiaries of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
SOURCE Deloitte LLP
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