Nick Tommasino, Chairman and CEO of Deloitte & Touche LLP, has announced the following key leadership deployments.
Steve Van Arsdell has been appointed Deputy Managing Partner of Deloitte & Touche LLP with responsibility for the Professional Practice Network, succeeding Jim Schnurr who will become a Senior Client Partner in Deloitte's Audit and Enterprise Risk Services practice. The Professional Practice Network supports Deloitte's clients by providing tools, policies and guidance to Deloitte's client service teams and by addressing accounting, audit, risk management, regulatory, reporting, and quality assurance matters.
"Steve brings an ideal combination of client service, technical and team leadership skills to the position Throughout Steve's 35-plus year career, he has served as the Lead Client Service Partner on some of our most prominent clients and across various sectors, including aerospace & defense, manufacturing, financial services, and consumer products," said Tommasino.
Van Arsdell, who will continue to be an Advisory Partner to a number of Deloitte's premier clients, is currently Vice Chairman of the Deloitte LLP Board of Directors and serves as Chairman of the Board's Governance Committee, positions he will hold through the end of his term later this calendar year. He will continue in his role as chair of succession planning committee of Deloitte LLP.
He is also a past Chairman of the Board's Risk and Finance & Audit Committees. Prior to joining Deloitte, Van Arsdell worked for the Financial Accounting Standards Board (FASB) as a member of the technical research staff and as a technical assistant to the board's chairman.
"We are delighted that Steve is assuming this new and critically important role. At the same time, I am pleased that he will continue to serve as Vice Chairman of the Board until the conclusion of his term and also as Chairman of the succession planning committee," said Sharon Allen, Chairman of the Board of Deloitte LLP.
Schnurr served as Deputy Managing Partner with responsibility for the Professional Practice Network for the past three years and is credited with expanding and broadening the scope and quality of services provided to Deloitte's clients and practitioners through the Professional Practice Network. Most recently, Schnurr served as co-chair of a task force that undertook a comprehensive assessment of Deloitte's professional practice organization.
In his new role, Schnurr will focus on assisting select Deloitte clients and will address significant accounting, auditing, and financial reporting issues. He will also continue to participate in, and represent Deloitte among, various regulatory and professional groups in which he currently is a member, including the Standing Advisory Group of the PCAOB.
"Jim's leadership has helped guide AERS and our clients through a time of unprecedented change to both the regulatory environment and the accounting profession," said Tommasino. "His stewardship of our Professional Practice Network has been one of the critical elements that has helped us successfully navigate an increasingly complex environment."
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