Dennis M. Nally Selected as Global Chairman of PricewaterhouseCoopers

NEW YORK, March 17, 2009 (GLOBE NEWSWIRE) -- Dennis M. Nally has been elected
Chairman of the PricewaterhouseCoopers International Network for a four year
term beginning on July, 1, 2009. PwC member firms worldwide ratified the
selection of Mr. Nally, 56, by the PricewaterhouseCoopers Global Board. Samuel
A. DiPiazza, Jr., the current Chairman, announced last November that he was
retiring after a 35 year career with the firm. He will remain with PwC for a
transition period and will formally retire from PwC later in 2009. 

Mr. Nally has served as the Chairman and Senior Partner of
PricewaterhouseCoopers LLP, the PwC United States member firm, since 2002 and
is a member of the global PwC Network Leadership Team and Chair of PwC's
Network Strategy Council. Mr. Nally's successor as chairman of PwC US will be
announced later this year following an election process. 

Mr. Nally joined PwC in the US in 1974 and became a partner in 1985. Prior to
being elected US Firm Chairman, Mr. Nally served in a variety of leadership and
client services roles. Recently, he led an extensive review of PwC's global
structure, which resulted in significant enhancements to the global Network
that were implemented in late 2008. As Chairman, Mr. Nally will continue to
serve on the PwC Network Leadership Team along with his successor as chairman
of PwC US; Ian Powell, chairman of PwC UK; Silas Yang, chairman of PwC China
Hong Kong; and Hans Wagener, chairman of PwC Germany. 

Commenting on his selection, Mr. Nally said, "I am honored that I have been
chosen and gratified by the confidence that PwC member firm partners around the
world have shown in me at this challenging time for our business and for the
global economy. I am confident in our ability to help our clients manage
through the recession and prepare for the recovery ahead." 

"The structural changes we implemented last year will give our clients better
access to our best resources and knowledge and will allow the PwC network to
recruit and develop the best talent around the world. It will also help us
achieve more consistent quality throughout our network, " added Mr. Nally. 

Paul V. Brasher, Chairman of PwC's Global Board, said, "Dennis Nally has been a
very successful and committed leader of the PwC US firm for almost seven years.
During this time, he has built strong relationships around the PwC network as
well as with clients and regulators. He has all the experience and leadership
abilities needed to serve as Chairman of PwC's international network." 

"I would also like to thank Sam DiPiazza for his dedication to PwC over the
course of his career and particularly for the two full terms he led the PwC
network though a period of huge change and expansion. He has been a superb
ambassador for PwC right across the world," added Mr. Brasher. 

Notes to Editors: 

1. Mr. Nally has extensive experience serving large multinational clients in a
variety of industries, principally focusing on the technology market and life
sciences. He is a member of the American Institute of Certified Public
Accountants and the New York State Society of CPAs. He serves on the Boards of
Directors of the US Chamber of Commerce and the Partnership for New York City,
as well as Duke University's Fuqua School of Business Board of Visitors, The
Carnegie Hall Society Board of Trustees and The Business Roundtable. 

A graduate of Western Michigan University, Mr. Nally also completed the
Columbia University and Penn State University Executive Programs. He and his
family reside in New Canaan, CT. 

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax
and advisory services to build public trust and enhance value for its clients
and their stakeholders. More than 155,000 people in 153 countries across our
network share their thinking, experience and solutions to develop fresh
perspectives and practical advice. "PricewaterhouseCoopers" refers to the
network of member firms of PricewaterhouseCoopers International Limited, each
of which is a separate and independent legal entity. 

CONTACT:  PricewaterhouseCoopers
          Mike Ascolese
            +1 646 471 8106
            mike.ascolese@us.pwc.com
          David L. Nestor  
            +1 646 471 4855
            david.nestor@us.pwc.com