Philip Laskawy, current Chairman and CEO of Ernst & Young, has announced a new generation of leadership for the Big 5 firm when he retires at the end the end of next month.
The new Chairman will be Jim Turley, 44, currently area managing partner for metropolitan New York.
Richard Bobrow, 46, currently the firm's senior vice chair for assurance and advisory business services, will assume the position as CEO.
"Jim and Rick represent the youth, energy and dedication that will carry Ernst & Young forward in the new economy and further establish our leadership position as we focus on our vibrant core services and exciting new ventures, " Laskawy added.
Both Turley and Bobrow are certified public accountants who joined Ernst & Young upon graduation from college. In careers at Ernst & Young that have spanned more than 20 years apiece, both men have held numerous management and client service positions.