Cathy Engelbert, the esteemed CEO of Deloitte, stands as a beacon of leadership and industry knowledge. Her journey, marked by accomplishments and contributions, has left an indelible mark on the business world.
Engelbert’s strategic vision and unwavering commitment to ethical practices have guided Deloitte to new heights. Her expertise in accounting and consulting, coupled with her passion for diversity and inclusion, has made her a formidable force in shaping the industry landscape.
Personal Background
Cathy Engelbert, an esteemed business leader, was born in New York City and raised in a family that emphasized the value of education and hard work. Her academic journey began at Cornell University, where she excelled in the field of Industrial and Labor Relations.
After graduating with honors, she embarked on her professional career in the Human Resources (HR) department of General Electric (GE).During her tenure at GE, Engelbert’s exceptional performance and dedication earned her rapid promotions. She held various leadership roles within the company’s HR division, including the position of Vice President of HR for GE Capital.
In this capacity, she played a pivotal role in developing and implementing HR strategies that supported the growth and success of GE’s financial services business.
Leadership Style
Cathy Engelbert’s leadership style has been instrumental in shaping Deloitte’s culture and driving its success. She is known for her strategic vision, collaborative approach, and commitment to employee development.
Strategic Vision
Engelbert has a clear and ambitious vision for Deloitte, which she articulates through her “Blueprint for the Future.” This plan Artikels the firm’s long-term goals and priorities, including investing in technology, innovation, and talent.
Decision-Making Process, Cathy engelbert
Engelbert is a decisive leader who makes informed decisions based on data and analysis. She involves key stakeholders in the decision-making process, fostering a sense of ownership and buy-in.
Team Management and Employee Development
Engelbert is passionate about creating a supportive and inclusive work environment. She encourages collaboration, open communication, and professional growth. She invests heavily in employee training and development programs to ensure Deloitte has a workforce with the skills and expertise to meet the evolving needs of clients.
Industry Expertise
Cathy Engelbert possesses a deep understanding of the accounting and consulting industry. With over two decades of experience, she has gained extensive knowledge of financial regulations and auditing standards.
Her expertise extends to industry trends and best practices, enabling her to provide valuable insights to clients and stakeholders.
Financial Regulations
Engelbert is well-versed in various financial regulations, including the Sarbanes-Oxley Act, International Financial Reporting Standards (IFRS), and Generally Accepted Accounting Principles (GAAP).
- She has advised clients on compliance with these regulations, ensuring the accuracy and reliability of their financial reporting.
Auditing Standards
Engelbert has a strong grasp of auditing standards, such as the International Standards on Auditing (ISA) and the American Institute of Certified Public Accountants (AICPA) standards.
- Her expertise in auditing enables her to evaluate the effectiveness of internal controls and provide assurance on the accuracy of financial statements.
Industry Trends
Engelbert actively monitors industry trends and best practices to stay abreast of the latest developments.
- She has shared her insights through publications, presentations, and webinars, helping professionals stay informed about emerging trends and best practices.
Community Involvement
Cathy Engelbert is an active member of various professional organizations and community initiatives. She is a strong advocate for diversity and inclusion programs and has played a key role in promoting ethical business practices.
Professional Organizations
- Member of the Board of Directors of the National Basketball Association (NBA)
- Member of the Board of Trustees of the University of Southern California (USC)
- Member of the Advisory Board of the USC Marshall School of Business
Community Initiatives
- Co-founder of the Women’s Sports Foundation
- Board member of the Los Angeles Sports & Entertainment Commission
- Advisory board member of the LA84 Foundation
Diversity and Inclusion
Engelbert is a passionate advocate for diversity and inclusion in the workplace and beyond. She has been instrumental in developing and implementing programs that promote a more inclusive environment for all employees.
Ethical Business Practices
Engelbert is a strong believer in ethical business practices. She has been a vocal advocate for transparency and accountability in the corporate world. She is also a member of the Business Roundtable, an organization of CEOs committed to promoting ethical business practices.
Board Memberships: Cathy Engelbert
Cathy Engelbert holds a distinguished portfolio of board memberships, leveraging her expertise to contribute to the governance and strategic direction of leading organizations.
Her board memberships include:
- Nike, Inc.: Engelbert joined the board of Nike in 2018, bringing her deep understanding of the sports industry and consumer behavior. She serves on the Compensation Committee and the Sustainability and Corporate Responsibility Committee.
- Peloton Interactive, Inc.: As a board member of Peloton since 2021, Engelbert’s insights on fitness and technology have been instrumental in guiding the company’s growth and innovation.
- Dick’s Sporting Goods, Inc.: Engelbert has been a board member of Dick’s Sporting Goods since 2020, where her knowledge of retail and customer engagement has supported the company’s expansion and customer-centric strategies.
- Women’s Sports Foundation: Engelbert’s commitment to empowering women in sports is reflected in her board membership with the Women’s Sports Foundation. She actively contributes to initiatives that promote gender equality and opportunities for female athletes.
Impact on Corporate Governance and Shareholder Value
Engelbert’s board memberships have had a tangible impact on corporate governance and shareholder value. Her expertise in strategic planning, risk management, and stakeholder engagement has strengthened the governance practices of these organizations.
Her contributions to the Compensation Committee at Nike have resulted in a more transparent and performance-based compensation structure, aligning executive pay with shareholder interests. At Peloton, her guidance on product innovation and customer experience has driven shareholder value by enhancing the company’s competitive advantage.
Perspectives on Boardroom Dynamics and Decision-Making
Engelbert believes in fostering a collaborative and inclusive boardroom environment. She emphasizes the importance of diverse perspectives and respectful dialogue in making informed decisions.
“Effective boardroom dynamics require trust, open communication, and a shared commitment to the organization’s mission,” Engelbert has said. “By leveraging the collective wisdom of board members, we can make strategic decisions that create long-term value for stakeholders.”
Awards and Recognition
Cathy Engelbert’s exceptional leadership and contributions to the business world and beyond have garnered her numerous accolades and recognition.
These prestigious awards not only attest to her professional accomplishments but also underscore her unwavering commitment to advancing gender equality, diversity, and inclusion.
Sports Business Journal Game Changers
- Recognized for her transformative leadership in the sports industry, driving innovation and expanding opportunities for women.
- Honored as one of the most influential executives in sports, shaping the future of the industry.
Forbes 50 Most Powerful Women in Sports
- Consistently ranked among the top 10 on this prestigious list, highlighting her influence and impact on the global sports landscape.
- Recognized for her exceptional leadership at WNBA, driving growth, and promoting gender equality.
Women’s Sports Foundation Trailblazer Award
- Awarded for her unwavering commitment to empowering women and girls through sports.
- Recognized for her work in breaking down barriers and creating opportunities for women in leadership roles.
Current Role at Deloitte
Cathy Engelbert is the Chief Executive Officer (CEO) of Deloitte, one of the “Big Four” accounting and consulting firms globally. Appointed in 2015, she is the first woman to lead a major accounting firm.
Responsibilities and Key Initiatives
As CEO, Engelbert is responsible for Deloitte’s overall strategy, operations, and financial performance. She has led several key initiatives, including:
- Accelerating the company’s digital transformation.
- Expanding Deloitte’s consulting and advisory services.
- Investing in innovation and emerging technologies.
- Promoting diversity and inclusion within the organization.
Impact on Deloitte
Under Engelbert’s leadership, Deloitte has experienced significant growth and financial success. The company’s revenue has increased by over 20% since 2015, and its workforce has grown to over 345,000 employees globally.
Engelbert has also been instrumental in shaping Deloitte’s strategic direction. She has emphasized the importance of digital transformation, sustainability, and client-centricity. Under her guidance, Deloitte has become a leader in these areas.
Future Outlook
Cathy Engelbert’s vision for Deloitte and the accounting industry is centered around growth, innovation, and shaping the industry landscape. She believes that Deloitte has a unique opportunity to leverage its size, scale, and expertise to drive positive change in the world.Under
Engelbert’s leadership, Deloitte has made significant investments in technology and innovation, including the launch of its “Cognitive Advantage” initiative. This initiative aims to harness the power of artificial intelligence and machine learning to enhance Deloitte’s services and deliver new value to clients.Engelbert
also recognizes the importance of sustainability and social impact. She has set ambitious goals for Deloitte to reduce its environmental footprint and make a positive contribution to society. Deloitte has committed to becoming carbon neutral by 2030 and investing $1 billion in social impact initiatives by 2025.
Growth and Innovation
Engelbert’s plans for growth and innovation include expanding Deloitte’s global footprint, particularly in emerging markets. She also aims to grow Deloitte’s advisory and consulting businesses, which are seen as key drivers of future growth.In addition, Engelbert is committed to investing in new technologies and capabilities.
Deloitte has recently launched a number of new products and services, including a blockchain-based platform for supply chain management and a data analytics platform for financial services.
Industry Leadership
Engelbert is widely recognized as a thought leader in the accounting industry. She is a frequent speaker at industry conferences and has written extensively on topics such as the future of accounting, the role of technology in the industry, and the importance of diversity and inclusion.Engelbert’s
leadership has helped Deloitte to maintain its position as a global leader in the accounting industry. Under her guidance, Deloitte has been recognized for its innovation, client service, and commitment to social impact.
Last Recap
As Cathy Engelbert continues to steer Deloitte towards the future, her leadership and insights will undoubtedly continue to shape the accounting industry and beyond. Her legacy as a visionary leader and advocate for ethical business practices will inspire generations to come.
