E&Y Begins Search for CEO’s Replacement

New York-based Ernst & Young’s (FY10 gross revenue of $7.1 billion) chairman and chief executive James Turley announced that he will retire in June 2013.

A replacement will be named by April 2012.

Turley headed the firm during some of its stormiest times; beginning as chairman just before the Enron and Worldcom scandals sparked congressional hearings on the profession and led to tough oversight under a new watchdog.