What's Happening?
Deloitte has announced the appointment of Frances Borg as Chief Financial Officer and Mark Stretton as the Managing Partner of its Melbourne office. Frances Borg, who has been with Deloitte since joining as a cadet, previously served as the Chief Operating
Officer of the firm's audit and assurance division. She takes over from Jody Burton, who has been with Deloitte since 1993. Mark Stretton, a commerce and economics graduate from Monash University, has been with Deloitte since 1993 and has held various senior positions, including national banking and financial services audit leader. In his new role, Stretton will oversee an operation with over 2,000 professionals and 230 partners in Melbourne.
Why It's Important?
The appointments of Frances Borg and Mark Stretton to senior roles at Deloitte highlight the firm's commitment to leadership continuity and strategic growth in Australia. As CFO, Borg will play a critical role in managing Deloitte's financial strategy, which is essential for maintaining the firm's competitive edge in the professional services industry. Stretton's leadership in Melbourne is significant given the city's status as a major business hub. His experience and connections, including his involvement with the Victorian Liberal party and various professional committees, position him to effectively lead Deloitte's operations and client engagements in the region.
