Cathy Engelbert

Catherine "Cathy" Engelbert is an American business executive.

In February 2015, she was named Chief Executive Officer of audit, accounting and consulting firm Deloitte LLP, the United States member of Deloitte, effective March 2015. The selection makes her the first female U.S. CEO of a Big Four firm. News media outlets including The Wall Street Journal highlighted Engelbert's appointment as cracking the "glass ceiling."[1] In her role as CEO, Engelbert manages more than 70,000 employees located in about 90 U.S. cities and India. She also oversees nearly $15 billion in annual revenue.[2]

Early life and education

Engelbert grew up in Collingswood, New Jersey with five brothers and two sisters and attended Collingswood High School.[3] Her father worked as an IT manager and mother as a medical practice administrator.[4] She graduated from Lehigh University in 1986 with a degree in accounting, where she played basketball and lacrosse,[5] becoming captain of both teams.[4] She is a mother of two and lives in Berkeley Heights, New Jersey.[1][6]

At Lehigh, she played varsity basketball and lacrosse, captaining both teams. [7] She was named Most Valuable Player of the East Coast Conference basketball tournament in her senior year. After graduation, she received her CPA certification and became a member of the American Institute of Certified Public Accountants.[8]

Career at Deloitte

After joining Deloitte in 1986, Engelbert has spent her entire career with the company. In an interview, she credited the company's early focus on supporting women in the workplace as being important for her career:

In the early ’90s, I worked at our national office. Mike Cook was our Chairman and CEO, and Deloitte became the first professional services organization to launch a women’s initiative. It was a key transition for my career because Mike had daughters and he was sensitive to women having the same opportunities as men. Being part of Mike’s team back then helped me to see the opportunities that Deloitte was trying to give both men and women, and the focus on making sure we had an appropriate number of women at senior levels. At the time, recruitment of those coming out of colleges was 50/50, but the percentage of women in our leadership ranks was still only in the single digits. We have made significant progress at Deloitte since then as a result of leaders at the organization who have recognized the importance of investing in all of our people.[9]

Prior to being appointed CEO of Deloitte LLP in March 2015, she was the chairman and CEO of the audit subsidiary, Deloitte & Touche LLP.[1][5] She was previously chairman and chief executive officer of Deloitte LLP's audit subsidiary and counts former Deloitte Touche Tohmatsu CEO William Parrett as an early mentor. [10] [11]

Engelbert has previously held several senior-leadership positions at the firm, including National Managing Partner - Regions for Deloitte & Touche; Deputy National Professional Practice Director; and Financial Accounting and Reporting Services Quality Risk Manager. She was named a Partner in 1998. [12]

References

  1. 1 2 3 Rapoport, Michael; Steinberg, Julie (9 February 2015). "Deloitte Taps Woman, a First, for CEO Post". The Wall Street Journal. Retrieved 10 February 2015.
  2. ↑ Alu, Mary Allen. "The Game Changer". www1.lehigh.edu. Lehigh University. Retrieved 19 September 2016.
  3. ↑ http://www.nj.com/business/index.ssf/2015/02/jersey_native_becomes_first_female_ceo_of_major_ac.html
  4. 1 2 Clayton, Chris. "Cathy Engelbert, Features, Extras | Travel destinations, blogs, contests and offers from Delta Sky Magazine + deltaskymag.com". deltaskymag.delta.com. Retrieved 19 September 2016.
  5. 1 2 Fairchild, Caroline (9 February 2015). "Deloitte's first female CEO: 'Don't stand still'". Fortune. Retrieved 10 February 2015.
  6. ↑ Staff. "Berkeley Heights Resident Engelbert Elected First Female CEO of a Major U.S. Professional Services Firm by Deloitte LLP ", TAPintoSummit, March 3, 2015. Accessed March 19, 2015. "Cathy Engelbert, a resident of Berkeley Heights, was recently elected chief executive officer of Deloitte LLP, becoming the first female CEO of a major audit and consulting firm in the U.S."
  7. ↑ Clayton, Chris. "Cathy Engelbert, Features, Extras | Travel destinations, blogs, contests and offers from Delta Sky Magazine + deltaskymag.com". deltaskymag.delta.com. Retrieved 19 September 2016.
  8. ↑ "Cathy Engelbert Makes History This Women's History Month - AICPA Insights". blog.aicpa.org. AICPA. Retrieved 17 October 2016.
  9. ↑ Steinmann, Jennifer. "Interview with Cathy Engelbert, Chairman and Chief Executive Officer, Deloitte & Touche LLP". LEADERS. Retrieved 10 February 2015.
  10. ↑ Clayton, Chris. "Cathy Engelbert, Features, Extras | Travel destinations, blogs, contests and offers from Delta Sky Magazine + deltaskymag.com". deltaskymag.delta.com. Retrieved 19 September 2016.
  11. ↑ Alu, Mary Allen. "The Game Changer". www1.lehigh.edu. Lehigh University. Retrieved 19 September 2016.
  12. ↑ Staff, DiversityInc. "Diversity Leadership: Catherine Engelbert, Deloitte". DiversityInc. Retrieved 17 October 2016.
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