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Deloitte
Director of Communications
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Contact: Madonna Jarrett
Deloitte Touche Tohmatsu
Director, Global Public Relations & CEO Comms
+1 212 492 3738

James H. Quigley nominated to succeed William G. Parrett as Deloitte CEO and John P. Connolly elected Chairman of the Board

New York, 1 March, 2007:  The Deloitte Touche Tohmatsu Board today announced the approval of the nomination of James. H. Quigley as the next Global Chief Executive Officer of Deloitte, one of the largest professional services organizations. He succeeds William G. Parrett whose term ends on 31 May 2007.  Mr. Quigley’s nomination is now subject to a vote by the member firm partners world wide.

Also announced today was the approval of John P. Connolly as the new Chairman of the Board of Deloitte Touche Tohmatsu. Mr. Connolly will succeed Mr. Piet Hoogendoorn who has been Chairman since June 2000, and whose term also finishes on 31 May 2007.

In making the announcement, outgoing Chairman Piet Hoogendoorn said, “I am very proud that we have two great partners to assume these leadership roles. They have the experience to continue the strong level of performance and governance expected in today’s environment.”

“I am also very proud of the governance and succession process within Deloitte, which is unique. It allows all member firm partners to have input into the CEO nomination process, and is truly a collaborative effort. This is indicative of the Deloitte culture—which is fundamental to the Deloitte difference.”

Both men assume their roles at a time when Deloitte member firms are experiencing their 14th consecutive year of growth, the fifth consecutive year of double digit growth. Member firms are expected to finish fiscal year 2007 with some US$23 billion in aggregate revenues. Deloitte member firms constitute one of the leading audit practices, the largest management consulting organization, the recognized premier tax practice, and an award winning financial advisory services provider, serving 80 percent of the Fortune Global 500.

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