Mark Weinberger becomes EY global chairman and CEO

Mark WeinbergerEY today said that Mark Weinberger has become global chairman and CEO.

Weinberger, 51, has had a distinguished career with a track record of leadership both inside and outside of EY.

He has previously served as the global and Americas head of tax and on the 'global and Americas wxecutive'. He has been a senior advisory partner for many of EY's largest clients and also served on the global markets executive and global public policy committees.

Weinberger has also served in the US administrationa as the assistant secretary of the US Treasury (tax policy) under President George W. Bush and prior to that President Clinton had appointed him to the US social security advisory board.

He says, ''EY has a proud history that stretches back more than a century. Over that time we have forged our reputation based on quality, trust and integrity. We are building on our history and our reputation to create our future.''

From today building a better working world will serve as both EY's purpose and its tagline, becoming central to the EY brand.

Weinberger says, ''Every day, every EY person is part of building a better working world – for our clients, our communities, and our families. We believe that everything we do – every assurance engagement, every tax return, every advisory opportunity, every interaction with a client or colleague – contributes to building a better working world.

''We know that building a better working world is an ambitious objective but it is an incredibly important aspiration and will be front and center of everything we do as an organization.''

''In a better working world trust increases, so capital flows smoothly and investors make informed decisions. Businesses grow sustainably, employment rises, consumers spend and businesses invest in their communities. More than just growth, a better working world harnesses and develops talent in all its forms and encourages collaboration.

''We understand our obligation to look beyond our self interest and engage with the world. We use our global reach and our relationships with clients, governments and other stakeholders to create positive change. We do this through who we are and what we stand for and most importantly we back it up by how we act.''

Elaborating on EY's plans for India, says Weinberger says, ''India has consistently been a key market for EY and we see enormous growth potential with an increasing number of organizations requiring our services. We already have talent hubs here that serve the world. Of the 167,000 people that we have around the world, we have 15,000 people in India alone.''

EY also announced the adoption of EY as its global brand name, unveiled a new logo and adopted Building a better working world as its purpose.

Says Rajiv Memani, country managing partner for Ernst & Young in India, ''As the leading professional services organization in India, we will continue to be strongly focused on delivering exceptional client service.  The  launch of our new brand and 'Building a Better Working World' as our purpose  further inspires and motivates our team to work towards a wider objective.''

 EY was been ranked the number one professional services organization in India in the Global Brand Survey 2013 and 2011, conducted by independent research firm, TNS , commissioned by EY.