PwC’s board has selected Mohamed Kande, the US and global head of consulting, as its next global chair.
Partners were informed of the board’s choice on Monday, people familiar with the matter told the Financial Times. The choice will now move on to ratification by the global accounting network’s independent country firms.
Kande, a Washington, DC-based partner at PwC US, will succeed Bob Moritz, who will retire in June after serving two four-year terms.
Kande became a frontrunner for the chairman role after US CEO Tim Ryan dropped out of the race earlier this month. The global chairman role has typically been passed to the leader of the US firm, which accounts for 40% of the network’s global revenue.
Some non-US partners expressed skepticism over whether Ryan’s direct and “hard-charging” management style was suited to the ambassadorial nature of the role.Kande describes himself as a “global citizen” on his PwC bio page. A naturalized American, he grew up in Cote D’Ivoire before moving to France in his teens. Kande completed a bachelor’s degree in engineering at Esigelec in France, a master’s degree in electrical engineering at Polytechnique Montreal in Canada, and an MBA at The University of Chicago.
He would go on to work for DTI Telecom in Canada and Motorola in the US before joining Boston-headquartered PRTM Management Consultants – where he would serve as managing partner of the Europe, Middle East, and South Asia business. Kande joined PwC in 2011 as part of its acquisition of the 700-person consultancy.
At PwC, Kande first served as US and global advisory leader for the TMT and hospitality sectors. He has served as vice chair for US consulting since 2016 and global advisory leader since 2019.
PwC has approximately 364,000 people globally and reported revenue of $53.1 billion in the fiscal year ending June 30, 2023.
Sourced from Consulting.us