Ernst & Young selects global management team

Issued by Ernst & Young
Johannesburg, 06 Sep 2000

Ernst & Young, a leading global professional services organisation, today announced the appointment of a new global leadership team and the formation of a more highly integrated global organisation. Philip A. Laskawy, Chairman, and James S. Turley, Deputy Chairman and Chairman elect, announced the appointments and the new organisation, under which more than 60 countries will combine operations into 10 geographic areas reporting directly to the firm`s global CEO, William L. Kimsey.

The announcement of the global management team completes the process begun last month with the appointment of Turley as Laskawy`s successor upon Laskawy`s mandatory retirement in 2001.

Appointed as Global Managing Partners are:

John F. Ferraro, Markets, with responsibility for global service lines, industries, global accounts, and sales and marketing; member of Global Executive Board.
Patrick Gounelle, Infrastructure, including knowledge, technology, and information systems; member of Global Executive Board.
Jean-Charles Raufast, Practice Integration, with a focus on emerging markets.
Lewis A. Ting, Human Resources, with responsibility for designing global systems to manage and leverage the firm`s human capital.

The new global leadership team, including Laskawy, Turley, Kimsey, and the Global Managing Partners, will have overall responsibility for implementing the firm`s global vision and strategy, and for the management of geographic area operations.

The ten geographic areas that form the nucleus of the new global organisation include more than 60 countries initially, and will eventually include all practices worldwide. The managing partners of these areas, each of whom is a member of the Global Executive Board, are:

Americas - Richard S. Bobrow
Australia - Brian M. Schwartz
Far East - Anthony T.Y. Wu
France - Patrick Gounelle
Germany - Dietrich Doerner
Italy - Franco Simeoni
Netherlands - Jan L. den Hartog Nordic - Steve J. Ribbestam
Switzerland - Urs Widmer
United Kingdom - Nick C. Land

"We have achieved extraordinary success over the last five years, including record growth and earnings. We have established a pre-eminent global knowledge and technology infrastructure admired by clients and envied by competitors," Laskawy said.

"With the global connected economy coming together as never before, businesses are connecting across borders at Internet speed," added Turley. "These appointments and the structural changes we are making will enable Ernst & Young to respond to the global needs of clients with greater speed and flexibility - and provide clients with the value and confidence they need to move forward successfully in the new millennium."

The new structure will produce appreciable benefits for clients, according to Kimsey. "As a truly integrated global organisation, we will be better able to mobilise and focus the enormous potential of our people and knowledge," Kimsey said. "Clients accustomed to our superior service will receive even better, seamless delivery. We will also be able to provide more innovative products, services, and solutions - with greater speed - and deploy specialised resources more effectively across borders."

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Global Executive Leadership Team (To save space electronic photographs have been removed but are available on request)

Philip A. Laskawy

Philip A. Laskawy, Chair, is a native New Yorker. He joined the firm in 1961, after graduating from the Wharton School of the University of Pennsylvania with a BS in economics. Progressing through the firm`s audit ranks, he was admitted to the partnership in 1971. In 1980 he became US Regional Director of Human Resources. In 1985, he was named US Vice Chairman and Regional Managing Partner - New York Region, and in 1993 he was named US Deputy Chairman. He became Chairman of the US practice in 1994 and global Chair in 1996.

James S. Turley

James S. Turley, Deputy Chair, became Deputy Chair on July 1. Jim had been the Metropolitan New York Area Managing Partner since 1998. He joined the firm in Houston in 1977, after obtaining bachelor`s and master`s degrees from Rice University, and transferred to St. Louis in 1979. Jim became a partner in 1987, and from 1987-1990, he was US National Director of Client Services and Business Development. In 1991 he moved back to St. Louis, where he served as a co-ordinating partner on major accounts and also in 1993-1994 served as Area Director of Entrepreneurial Services. He was the Managing Partner of the Upper Midwest Area from 1994-1998.

William L. Kimsey

William L. Kimsey, Chief Executive Officer, was formerly US Deputy Chairman and US Chief Operating Officer. Bill began his career on the Kansas City audit staff in 1964, after receiving his BSBA from the University of Missouri at Columbia. Bill transferred in 1975 to St. Louis as Director of Management Consulting. He was admitted to the partnership in 1978 and appointed Managing Partner in Kansas City in 1980. In 1988 he was named US Southwest Region Managing Partner, and became West Region Managing Partner in 1991. Bill was named US Co-Chairman in 1993 and Deputy Chairman in 1995. He became global CEO in 1998.

John F. Ferraro

John F. Ferraro, Global Managing Partner - Markets, became global Vice Chair - Assurance and Advisory Business Services (AABS) in 1998. He was previously US Vice Chair - AABS Implementation. John joined the Milwaukee, US, office in 1977, after receiving a BSBA degree in accounting from Marquette University. He moved to Rome, Italy, in 1980, and to US National Accounting and Auditing in 1983. In 1985 he transferred to the Kansas City audit practice, and to the Chicago mergers and acquisitions group in 1991. He was admitted to partnership in 1988. In 1993 John transferred to New York as US National Director of Sales and Marketing, becoming Vice Chairman of Sales in 1995. In 1996 he was appointed Vice Chairman - AABS Implementation.

Patrick Gounelle

Patrick Gounelle, Global Managing Partner Infrastructure, has been chairman of Ernst & Young France since 1998. He joined the French practice in 1973 after obtaining an MBA. He holds a master`s degree in law and is qualified as a chartered accountant and statutory auditor. In 1975, he was sent to Algeria to help in restructuring the textile industry and a year later was posted to the New York office. Patrick served as the French National Director of Audit, and as National Director of Financial Services. He was appointed Country Managing Partner in 1995, and he will continue in that role.

Jean-Charles Raufast

Jean-Charles Raufast, Global Managing Partner - Integrating Practices, was named global Vice Chair - Regional Integration and Entrepreneurial Growth Companies in 1998. He has been a global Vice Chair since 1995, primarily responsible for tax and legal services until early 1998. His current responsibilities focus on Europe and Latin America and worldwide strategy for emerging growth companies. He joined the Audit Department in Paris in 1972, serving in that city for all but five years (1979-84), which he spent in Lyons. He was admitted to the partnership in 1983. He served as non-executive Chairman of the French practice from 1989-92, and he was Director of the Entrepreneurial Services Department from 1992-95.

Lewis A. Ting

Lewis A. Ting, Global Managing Partner - Human Resources, has been global Vice Chair - Human Resources since 1998, and is a former Chief Executive Officer of (Embedded image moved to Ernst & Young Australia. He joined the firm in 1971 in file: pic24756.pcx) Sydney after receiving a B. Comm. in accounting from Victoria University of Wellington, New Zealand. He was admitted to the partnership in 1974 as an audit partner. He then served in Brisbane and Singapore, where he became Managing Partner. He subsequently served as National Director of Consulting for Australia, and as Managing Partner in Chatswood and Sydney. He was named Chief Executive of Ernst & Young Australia in 1992.

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