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April 30, 2008

Powell elected to lead UK’s largest professional services firm

Ian Powell has been elected as the new chairman and senior partner of PricewaterhouseCoopers UK (PwC). He will serve a four-year term with effect from 1 July 2008.

Powell is head of advisory and has been a partner in the UK firm for 17 years. He has held a number of leadership roles during this time, including head of business recovery services.

Commenting on his appointment, Powell said: “I’m delighted to be elected by my fellow partners to lead the firm. As the market leader our firm’s focus will be to use the enormous range of our skills to bring real benefit to our clients and our people, and to show responsible leadership in everything we do.

“The opportunity to lead our thriving business is hugely exciting and I look forward to building on the great work done by Kieran Poynter in developing trust and confidence in our firm.”

Powell succeeds Kieran Poynter as senior partner. Poynter said: “Ian will be taking the reins at a time of great opportunity and when the firm is in excellent shape to take advantage of those opportunities. Ian’s energy and vision are reflected in an outstanding track record and I have every confidence that he will lead this great firm to even greater things.”

PwC is the UK’s largest firm. In 2007, it had fee income of £2.1 billion ($4.1 billion), 822 partners and more than 16,000 staff.

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