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Wednesday, May 11, 2011

Deloitte Elects Indian-American Punit Renjen Chairman of the Board

Punit RenjenPunit Renjen has been named Chairman-elect of the Board of Deloitte LLP. Renjen has a longstanding passion for the people of Deloitte Consulting LLP and for serving clients with distinction. In 2009, he was elected chairman and CEO of Deloitte Consulting LLP (U.S. Consulting), one of the world’s leading management consulting partnerships.

“Our goal is to define the profession of consulting and build a new type of consultancy,” Renjen said. “It’s more than just having great insights or great strategy; it’s about bringing a variety of perspectives to solve a particular issue while also maintaining an absolute focus on delivering measurable and attributable results for our clients.”

“There isn't a firm like ours anywhere in the world. We have capabilities that allow us to transcend traditional industry boundaries.

Renjen believes that the firm’s culture makes it both a unique place to work, as well as uniquely effective when it comes to client service.

“I learned my craft by being mentored by others, and that’s what I do with people who work with me. We are, by nature, a very collaborative firm. And we are, by culture, a very caring firm,” he said, adding that these are attributes that drew him to Deloitte and have kept him challenged and fulfilled during his more than 20 years at the firm.

“When we bring new talent into Deloitte, we look at everyone as a potential future leader of the firm,” he said. “That long-term perspective creates an environment conducive to collaboration. It’s a sincere and significant investment in our colleagues, and one that sets us apart. Our people achieve their potential here.”

Renjen traces his passion for excellence to his upbringing in India. He was an enthusiastic student and a fierce competitor, ultimately winning a Rotary Foundation Scholarship to study in the United States. That opportunity took him on a 7,000 mile journey to Salem, Oregon, where he graduated with honors in management from Willamette University.

Renjen serves on the Deloitte Touche Tohmatsu board of directors, and the Global Deloitte Consulting Executive Committee. He is also a member of the board of trustees of Willamette University, a testament to his core belief of doing greater good and giving back to the community.

During his two decades with Deloitte, Renjen has held key leadership roles, including global and U.S. leader of Consulting’s Strategy & Operations practice, and Merger & Acquisitions Services. He was named one of Consulting magazine’s top consultants in 2007. He has co-authored articles on M&A in Chief Executive magazine and The Journal of Business Strategy, and has been featured in interviews with Bloomberg BusinessWeek, The Wall Street Journal, Investor’s Business Daily and Consulting magazine.

According to Renjen -

"Deloitte is in a category of one. We are unique in our ability to bring to bear on any client problems, a cross-section of perspectives and we take those perspectives and have the ability to implement them and generate tangible, measurable, and attributable results. That is unique to us and we are especially unique because we are a partnership and that partnership is a bond that we have amongst ourselves that goes beyond just being in business together.

Outside of Deloitte, there are three things that I thoroughly enjoy; my family, I enjoy my six-year-old son, he is the joy of my life. But I also enjoy running. I run nearly every day and I am passionate about cricket and cricket may not be something that many in America know or appreciate, but I grew up in India and in India cricket is next to religion.

I am a firm believer that you have to be passionate about what you do. If you are passionate about what you do and you truly love what you do, spending time at it comes naturally. I get to be a partner where I decide my own fate. I am entrepreneur as a part of this larger wonderful firm and I get to work with some incredibly smart individuals on a daily basis and I have done some of the most complex M&A deals in my 23 years at Deloitte. I don't think I would have gotten that opportunity anywhere else."


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