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 her cadetship, previously served as the Chief Operating
Officer of the audit & assurance division. She succeeds Jody Burton, who has been with the firm since 1993. Mark Stretton, a commerce and economics graduate from Monash University, has been with Deloitte since 1993 and has held various senior roles, including national banking and financial services audit leader. In his new role, Stretton will oversee over 2,000 professionals and 230 partners in Melbourne.
Why It's Important?
These leadership changes at Deloitte reflect the firm's strategic focus on strengthening its financial and operational leadership in Australia. By appointing experienced leaders like Borg and Stretton, Deloitte aims to enhance its service delivery and maintain its competitive edge in the professional services industry. These appointments are significant as they may influence Deloitte's approach to client engagement and business development, particularly in the financial services sector. The leadership transition also highlights the firm's commitment to internal talent development and succession planning, which are critical for sustaining long-term growth and stability.
