Meet Jerry Leamon
Global Managing Partner, Services and Mergers & Acquisitions, Deloitte Touche Tohmatsu
Jerry Leamon recently assumed the newly created role of Global Managing Partner – Services for Deloitte Touche Tohmatsu (DTT). In this position, Jerry provides oversight for the organization’s four core functions (Audit, Consulting, Financial Advisory, and Tax), and leads the development and promulgation of new multifunctional service platforms. He also retains his responsibilities for leading the Global Merger & Acquisition (M&A) Services practice. In addition, he continues to serve on the DTT Executive Board, as he has done for more than 10 years.
In a career spanning 35 years, Jerry has served in numerous client-facing and leadership roles. He joined Deloitte Haskins & Sells in Cincinnati in 1972 and was admitted to the partnership in 1981. In 1983, he assumed the leadership of the tax practice in Silicon Valley. Jerry has served as Deputy Managing Partner of the Chicago office and Leader of the Deloitte & Touche Personal Tax Services Practice (1984), U.S. National Managing Director of Tax (1992), Global Managing Partner of Tax & Legal Services (1996), and the firm’s first Global Managing Partner, Clients & Markets (2003). He has been a member of the Board of Directors both of DTT and of the U.S. member firm.
He holds a B.B.A. in Accounting from the University of Cincinnati (1972) where he was a co-op student with the Internal Revenue Service, and CPA certification (1975). He is a 2005 recipient of the prestigious Carl H. Lindner Award for Outstanding Business Achievement from the University of Cincinnati College of Business.
“In today’s global economy, executing across borders and across functions are key components of most major M&A deals. Success requires an enterprise-wide view with long-term commitment at the local and global levels.”
My Latest Thinking
Jerry recommends the following thought pieces to gain further insights into issues affecting M&A.
After an extended period of favorable conditions, financial and economic uncertainties have blurred the outlook for the global M&A market. In these circumstances, effective analysis is especially important before embarking upon an acquisition, yet the results of a survey by Deloitte Research, in cooperation with the Economist Intelligence Unit, indicate some potential acquirers may be overlooking potentially troublesome issues.
Making the Deal Work provides real-life examples from the frontlines of some of the most complex M&A integrations ever supported by our professionals. With articles ranging from strategy and program management to cost reduction, this collection covers a broad spectrum of factors that make deals work…or not. This document examines the major issues companies should be managing in any transaction.
Motion or Commotion? The Importance of Planning for Payroll Tax Issues During Post-Merger Integration
Whether acquired with an entire entity or as part of a divisional combination or carve-out, corporate mergers, acquisitions and dispositions can set employees in motion. Changes in corporate payroll responsibilities depend on the nature of the transaction and the tax jurisdictions involved, but the bottom line is that employees need to be paid and tax obligations need to be met. A hitch in either can be the difference between a smooth transition and sheer pandemonium. Why then, is the payroll department often the last to know what’s going on? This paper explains the importance of planning for payroll tax issues during post-merger integration. It outlines a four-step approach to conducting an analysis of federal, state and local laws to ensure regulatory compliance as well as preservation of favorable tax attributes and resulting cost savings.
My Areas of Specialization
- Global mergers & acquisitions, including both private equity investors and strategic buyers
- Consumer Business
- Financial Services
Proudest Career Moments
Deloitte has given me the privilege of undertaking a number of 'first-ever' global roles – as Managing Partner of Tax, of Clients & Markets, and most recently of Services and Mergers & Acquisitions. Particularly gratifying to me has been the opportunity to work closely with partners and other professionals from dozens of our member firms to help mobilize the truly unmatched capabilities of our global organization in a focused and cohesive way.