By Sam Frizell
February 9, 2015

Cathy Engelbert has been named CEO of Deloitte, becoming the first woman CEO of a major U.S. accounting and consulting firm.

Engelbert, 50, who is a 29-year-veteran of Deloitte, said in a statement she was “deeply honored to lead” Deloitte. She was formerly the chairman and and CEO of Deloitte & Touche, the U.S. auditing subsidiary of Deloitte LLP.

Deloitte was on Fortune’s best Places to Work list and is known for advancing diversity. It was the first professional services firm to have a minority CEO, Joe Echevarria, and the first to have a female chairman.

Along with Ernst & Young, PricewaterhouseCoopers and KPMG, Deloitte is one of the “Big Four” global accounting and consulting firms.

 

Contact us at editors@time.com.

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