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EY’s Project Everest failed. What now for the conflict-ridden Big Four?

EY's radical plan to split its business was scrapped last year, but difficult questions remain for it and the broader professional services sector

By

Edin Imsirovic

Carmine Di Sibio stepped aside after partners balked at his vision for a new-look EY. But what does the future hold for the Big Four firm?
Carmine Di Sibio stepped aside after partners balked at his vision for a new-look EY. But what does the future hold for the Big Four firm? Photo: Getty Images

EY’s Project Everest was abandoned before executives had a chance to get near the summit.

The ambitious plan launched by EY boss Carmine Di Sibio to split its hulking audit business from its consulting arm was beset by infighting and clashes between its European and US business. It was ultimately scrapped in April 2023.

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