Aldo Cardoso Takes the Reins as Andersen CEO

Aldo Cardoso, 46, has been appointed acting CEO of Andersen Worldwide, replacing Joseph Berardino, who resigned the post last week. The appointment is for an indefinite term.

Mr. Cardoso's job initially will be consumed with overseeing the consolidation of the firm's non-U.S. operations with rival firms. He takes over the CEO spot immediately.

"This new role is a natural extension of my responsibilities as chairman of the Andersen Worldwide Board of Partners," said Mr. Cardoso. "I will continue to work with our partners around the world to help them achieve as quickly as possible the best outcome for their people and their clients."

A week ago, Mr. Cardoso told members of the press that he was not a candidate for the CEO post. At that time many observers believed that Andersen's New York leader, Louis Salvatore, would be named CEO.

Mr. Cardoso has devoted his entire professional career to Andersen, starting with the firm in 1979 after his graduation from Ecole Supérieure de Commerce de Paris. Mr. Cardoso also holds a master's degree in law from the University of Paris (Panthéon-Sorbonne).

In 1989 Mr. Cardoso became a partner with Andersen, and in 2000 he became chairman of the Andersen Worldwide Board of Partners. He is also Andersen's Country managing Partner for France, Belgium, the Netherlands, and Luxembourg and a member of Andersen's Western Europe Operating Team.

Mr. Cardoso's expertise is in the areas of financial consulting, diagnostic review, restructuring, initial public offerings, disinvestments, and financial transactions in France, the United Kingdom, the United States, and other countries in Europe.