By Jason Bramwell
Big Four firm PricewaterhouseCoopers LLP (PwC)
announced several changes to its US leadership team on July 24, including the creation of two new leadership roles, effective immediately.
Dana Mcilwain, who has served as PwC's advisory leader responsible for the US firm's consulting, deals, and forensics services, will assume the new role of services leader. In this new role, Mcilwain will oversee the firm's three lines of service – advisory, assurance, and tax – to drive a unified strategy across the firm, according to PwC.
Tim Ryan, who has served as PwC's assurance leader, will assume the new role of markets, strategy, and stakeholders leader. In this new role, Ryan will focus on the firm's long-term strategy and oversee markets and sectors, regulatory affairs and public policy, marketing and sales, human capital, corporate responsibility, and investor relations. He will also continue to focus on issues related to audit quality, the Public Company Accounting Oversight Board (PCAOB), and other regulatory concerns.
In their new positions, Mcilwain and Ryan will report directly to PwC US Chairman Bob Moritz. PwC stated that the leadership restructuring upholds the firm's commitment to the diversity of its leadership team, one-third of which is comprised of women.
"These new roles will better address market opportunities and the needs of PwC's various stakeholder groups," Moritz said in a written statement. "The changes align firm functions to address the dynamic market environment in which we operate and provide us a unique opportunity to further develop leadership talent, drive positive change, and to continue our focus on quality."
Vin Colman, previously the firm's East region vice chair, will now lead PwC's assurance practice, and Miles Everson, previously PwC's financial services advisory leader, will now lead PwC's advisory practice.
In addition, Gary Price, previously the firm's market managing partner in greater Atlanta, will succeed John Carter as the firm's chief administrative officer and partner affairs leader. Carter will retire in June 2014. Greg Garrison, currently PwC's clients and markets leader, will also retire in June 2014.