Mark Weinberger Global Chairman, CEO of Ernst & Young

Mark Weinberger has been named Global Chairman and CEO of Ernst & Young.

Weinberger will succeed current Global Chairman and CEO Jim Turley, who said recently that he will retire on June 30, 2013, having led Ernst & Young since 2001. Ernst & Young Global Executive and its Global Advisory Council, the organisation's highest management and governance bodies, unanimously support Mark's selection.

Ernst & Young recently recorded a revenue of $22.9b for its fiscal year ended June 30, 2011 and a global headcount of 152,000 people in 144 countries.

Mark, 50, has had a distinguished career with a track record of leadership inside and outside Ernst & Young. He currently sits on the Global Executive, the firm's highest governing body, and runs the organisation's Global Tax practice. Mark has previously served on America's Executive and US Operating Committee and run America's Tax practice.