FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Professional Services

New EY boss won’t break up the firm

The Big Four firm’s radical plan to split its business, codenamed Project Everest, was scrapped last year, but difficult questions remain for the accountancy giant

By Edin Imsirovic
An internal memo from Janet Truncale says she won’t try and revive plans to break EY in two as a new strategy, All In, takes shape
An internal memo from Janet Truncale says she won’t try and revive plans to break EY in two as a new strategy, All In, takes shape Photo: Aleksander Kalka/Getty Images

Incoming EY global chief executive Janet Truncale has ruled out trying to split the firm in two again, according to reports.

Truncale has told staff “we’re going to recommit to working together… as one organisation” in an internal memo seen by the Financial Times.

WSJ Logo
GQG Launches Buyback After Stock Tumbles on Adani Probe

GQG Launches Buyback After Stock Tumbles on Adani Probe

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade