Deloitte Anjin Accounting firm will begin procedures to select the next chief executive officer (CEO) ahead of CEO Hong Jong-seong's term expiring in May 2026.
According to the investment banking (IB) industry on Oct. 20, Deloitte Anjin plans to launch the "CEO Appointment Nomination Committee" in November.
Deloitte Anjin's CEO appointment process proceeds in the same way as AP and Global. The committee will go through a "sounding" process, a kind of opinion-gathering among partners with voting rights, and recommend one final candidate from among multiple candidates who have expressed their intention to run.
The final candidate will be elected in January next year with a majority attendance and a majority vote of partners with voting rights. The newly elected CEO will receive a handover of the current CEO's duties until the new session begins in June.
Earlier, in 2019, Hong began a three-year term. When reelected in 2022, the CEO's term was changed to four years on the recommendation of Deloitte AP. Accordingly, Hong completed a seven-year term, and the new CEO's term has been set at up to eight years, with a four-year term plus four years for reelection.