EY becomes the first Big Four accountant to appoint a female chief exec

Important appointment: Janet Truncale (photo) will take over the helm at EY in early July

EY is the first Big Four accounting firm to appoint a female CEO.

Janet Truncale, who heads the company’s financial services business in the Americas, will take the helm in early July. She replaces Carmine Di Sibio, who will step down in June after four years.

Her appointment means EY will become the only Big Four accounting firm led by a woman. PwC, KPMG and Deloitte are led by men. “It will truly be an honor to lead this great organization,” Truncale said.

“The work we do to create opportunities for our people and clients, and our role in the capital markets, define EY as an organization, and I couldn’t be prouder.

‘I am inspired by the example Carmine has set, instilling an intention to be leaders in their field, focusing on staying at the forefront of technology and, above all, personifying EY’s values .’

It comes just months after EY scrapped plans to spin off its advisory business into a separate listed company.