Weinberger Named to Succeed Turley as E&Y’s Next CEO

Mark Weinberger has been elected to succeed James Turley as CEO and global chairman of Ernst & Young (FY11 gross revenue of $7.5 billion), the firm announced in mid-January.

Weinberger, 50, joined the firm’s Washington, D.C. office in 1987 and has held many senior leadership roles. He sits on the Global Executive, the firm’s highest governing body, and is the global head of tax. He has served on the Americas Executive and U.S. Operating Committee and was the America’s head of tax. He also served as Assistant Secretary of the U.S. Treasury (Tax Policy) under President George W. Bush. Turley, CEO since 2001, announced his plan to retire June 30, 2013 in early 2012.

Of Weinberger’s selection, Turley says, “Mark has a regulatory mindset which will ensure E&Y maintains strong connections with the many audit regulators and other officials with whom we engage globally.”