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New Deloitte Central Europe CEO begins term

Alastair Teare leading the Central Europe member as of 1 June 2012

 

Alastair Teare Budapest, 1 June 2012 - Deloitte Central Europe announced today that Alastair Teare has become the next chief executive officer of the Central Europe member firm of Deloitte Touch Tohmatsu Limited (DTTL). Teare has assumed his new role and responsibilities on 1 June 2012, the start of the new fiscal year.

Teare succeeds Michael Barrington, who completed his term and retired from Deloitte after more than 37 years in the company. Teare’s appointment by the Board of Directors was ratified by the partners of Deloitte Central Europe in an election and decision process that occurs every four years.

As the new CEO, Teare’s responsibilities will encompass working across 17 countries and 41 offices, with more than 3,700 people in Central Europe. “I am honoured that the partners have given me this privilege, which I also see as a great responsibility,” comments Teare. “The partners and I have a shared vision for leading Deloitte Central Europe, based on a focus to delivering excellence and quality to our clients. Together we will continue to build on the firm’s exceptional breadth and quality of services, and Deloitte’s reputation for being one of the most fulfilling and exciting places for our people to work.”

During his more than 20-year tenure at Deloitte, Teare, 44, based in Hungary, has built an impressive record of success through a variety of leadership and client service roles, with a focus on financial institutions. Since 2005, he has served on the Executive Committee of Deloitte Central Europe and been its Reputation & Risk Leader, in which role he led the development of a risk program which integrated risk into the operational activities of the firm.

Teare joined the London office of Deloitte LLP, the United Kingdom member firm of DTTL, in 1990 and was initially seconded to Budapest, Hungary in 1993. He was admitted as a partner of Deloitte Central Europe in January 1999, and was the partner in charge of the audit practice in Hungary from 2000 to 2005, when he became the Reputation & Risk Leader for Deloitte Central Europe. He has served as a member for the Deloitte Central Europe Board of Directors from 2004 to 2006.

Teare is a member of the Institute of Chartered Accountants in England and Wales and has a degree in Politics and International Studies from the University of Southampton.

About Deloitte

“Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu Limited (DTTL), a UK private company limited by guarantee. Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates. DTTL does not itself provide services to clients. DTTL and DTTL member firm are separate and distinct legal entities, which cannot obligate the other entities. DTTL and each DTTL member firm are only liable for their own acts or omissions, and not those of each other. Each of the member firms operates under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu", or other related names. Each DTTL member firm is structured differently in accordance with national laws, regulations, customary practice, and other factors, and may secure the provision of professional services in their territories through subsidiaries, affiliates, and/or other entities.

Deloitte Central Europe is a regional organization of entities organized under the umbrella of Deloitte Central Europe Holdings Limited, the member firm in Central Europe of Deloitte Touche Tohmatsu Limited. Services are provided by the subsidiaries and affiliates of Deloitte Central Europe Holdings Limited, which are separate and independent legal entities.

The subsidiaries and affiliates of Deloitte Central Europe Holdings Limited are among the region’s leading professional services firms, providing services through more than 3,700 people in 41 offices in 17 countries.

For regional projects and projects requiring regional resources, the services are provided by Deloitte Central Europe Limited, which is an affiliate of Deloitte Central Europe Holdings Limited. Deloitte Central Europe Limited is one of the leading professional services organizations in the country providing services in tax, consulting, risk management and financial advisory services.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte's approximately 182,000 professionals are committed to becoming the standard of excellence.

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