Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 12 SEPTEMBER 2014

How Deloitte's Unusual CEO Selection Process Works

Wedlake Bell LLP
Wedlake Bell LLP
Contributor
Wedlake Bell LLP

Wedlake Bell LLP

Wedlake Bell provides clients with a full package of legal services delivering commercial and...

View firm profile
Explore more from Wedlake Bell LLP

There has been much press coverage of the announcement on 15 August that Joe Echevarria is to retire from his post as CEO of Deloitte LLP (USA).

United KingdomCorporate/Commercial Law
Janice Wall
Janice Wall
Rachael Taylor
Rachael Taylor

There has been much press coverage of the announcement on 15 August that Joe Echevarria is to retire from his post as CEO of Deloitte LLP (USA).

Their incumbent CFO, Frank Friedman, has been named as interim CEO until a formal election of a new CEO can be conducted by its members and owners.

The current CEO and Senior Partner of Deloitte LLP (UK), David Sproul, has been in the role since June 2011 so his first four-year term will run until June next year at which time the UK entity will have to have its own similar election. 

As with the US arm, when Mr Sproul's term is up the specific arrangements that will apply to electing the CEO/Senior Partner for the next four years are a private matter for the individual members of the LLP, who are both owners and managers.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Takeover Trends In 2026

The UK public M&A market in 2026 has already surpassed 2025's total value in just eight months, driven by large-cap deals and a quest for transformational scale. Hostile tactics have become increasingly prominent as bidders appeal directly to shareholders amid persistent valuation gaps, while target boards leverage pre-offer processes to maximize value. This analysis examines the key trends, strategic themes, and tactical developments shaping this remarkable year for UK takeovers.
United KingdomCorporate/Commercial Law
Slaughter and May
Slaughter and May
Article

The National Security And Investment Act 2021: Five Years On – What You Need To Know

The National Security and Investment Act 2021 (NSIA) came into force on 4 January 2022, creating a standalone regime giving the UK Government broad powers to scrutinise – and potentially intervene in – acquisitions and investments on the grounds of protecting national security. Nearly five years on, the NSIA regime is well established. It replaced the national security aspects of the UK Government’s intervention powers under the Enterprise Act 2002 and operates alongside the UK merger control regime.
United KingdomCorporate/Commercial Law
Fox Williams LLP
Fox Williams LLP
Article

Manchester City: Independent Commission Publishes Decision On Premier League Charges

An independent Premier League Commission has found Manchester City in breach of financial rules spanning nine seasons, with findings that the club artificially inflated revenues and reduced costs by over £900 million. The decision marks what the Premier League describes as the most significant case in its history, though Manchester City strongly disputes the findings and intends to appeal, setting the stage for further proceedings that could reshape English football's regulatory landscape.
United KingdomCorporate/Commercial Law
Mishcon de Reya LLP
Mishcon de Reya LLP
Article

Parliament’s Position On SFDR 2.0

The European Parliament's Committee on Economic and Monetary Affairs has adopted its position on the Sustainable Finance Disclosure Regulation reform, establishing key divergences with the European Commission and Council on professional investor exemptions and fossil fuel investment criteria. With trilogue negotiations set to begin in October 2026, private markets managers face critical decisions about how to position their funds under the new three-category framework expected to take effect in early 2029.
United KingdomCorporate/Commercial Law
Proskauer Rose LLP
Proskauer Rose LLP
Article

Corporate Update Bulletin - 3 September 2026

This Corporate Update bulletin examines the most significant UK legal developments of 2026, from capital markets reform and employment rights legislation to corporate criminal liability expansion and competition regime changes. The analysis covers ten major areas of corporate law evolution, alongside recent FCA guidance on regulatory announcements and a High Court decision on shareholder-director settlements.
United KingdomCorporate/Commercial Law
Slaughter and May
Slaughter and May
Article

Spotlight On Agentic AI | Liability

As businesses increasingly deploy agentic AI systems capable of autonomous decision-making and actions, questions arise about supplier liability when AI agents malfunction or produce unexpected results. This article examines the contractual frameworks governing agentic AI relationships, revealing how standard IT contracts may inadequately address the unique risks of autonomous AI systems and exploring strategies for customers to better protect themselves against potential losses from AI agent failures.
United KingdomCorporate/Commercial Law
Bristows LLP
Bristows LLP
Article

Employment Rights Act 2025: Key Changes For Employers This October

October 2026 brings significant employment law reforms under the Employment Rights Act 2025, including extended tribunal time limits, enhanced trade union rights, and strengthened sexual harassment protections. Employers must prepare for new obligations around third-party harassment liability and workplace access for union representatives. Understanding these changes is crucial for updating policies and managing compliance risks.
United KingdomEmployment and HR
Wedlake Bell LLP
Wedlake Bell LLP
Article

Getting Your House In Order: A Private Client Checklist For September

With significant inheritance tax changes for pensions taking effect in April 2027, this comprehensive guide examines five essential areas of estate planning that families should review this autumn. From pension arrangements and regular gifting strategies to education funding, lasting powers of attorney, and digital asset management, discover practical steps to ensure your financial affairs remain aligned with your objectives and compliant with evolving tax legislation.
United KingdomWealth Management
Wedlake Bell LLP
Wedlake Bell LLP