Kelly Grier, EY US chair and managing partner and Americas managing partner since July 2018, announced during an all-hands call this morning that she will not pursue a second four-year term.
A tipster told us that Grier said “it was a personal decision and had nothing to do with the strength of the firm.” Her term expires on June 30, 2022. Because she made this announcement to staff today, we’ll assume EY has begun the process of searching for Grier’s successor.
Grier has worked at EY for more than 30 years, starting in the firm’s assurance practice, where she held various roles with increased levels of responsibility, according to her LinkedIn profile She then spent more than four years in EY’s office in Zurich, Switzerland, as coordinating partner of a Fortune 50 company, overseeing the audit engagements in the Europe, Middle East and Africa region.
Prior to succeeding Steve Howe as EY US chair in 2018, Grier also spent time as office managing partner in Chicago; EY Americas vice chair, talent; and as vice chair, Central regional managing partner, where she led 10,000 EYers across 15 states and 17 offices.
But it’s been a rough last two years for KG, as EY’s reputation was driven into a table by a pile driver from the Huffington Post, which wrote an article in October 2019 about the EY “waffle brains/pancake brains” training seminar for women. She also had to deal with in-house strife after EY went to unlimited PTO and laid off a slew of people last year.
We were also told that during the call this morning, EY officially announced it will require all employees to be fully vaccinated to enter an EY office. Deloitte, KPMG, and PwC have issued similar requirements, with PwC also throwing its employees a work-from-home bone.
We’ll continue to update this article as more information becomes available.
This is great for EY, but too late. Under her leadership, she terminated partners, outsourced office functions and sought every opportunity to be on a “list”. She lost sight that people are the only asset of the firm.
Great firm but under horrible leadership the last few years. She let go of a bunch of people in the middle of a pandemic and called it “performance related” for months. Which were lies. Now they’re stuck with overpaying people to stay, because they have a huge labor shortage. They lost a lot of knowledge and they’re trying to cover it with inexperienced people. People saw thru leadership’s lies. It’s just not Kelly but a few more that went with it. As the previous poster stated, they forgot that people were their one and only asset.
She managed to alienate half the firm with her extreme left wing political/ wokeism. My pension is now more secure.
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