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.
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