PwC Australia’s partners have now elected Brisbane-based managing partner Tom Seymour as their next chief executive.
Mr Seymour, who was admitted to the partnership in 2002, will now take over from outgoing chief executive Mr Sayers from 1 July.
The new CEO-elect has been the managing partner of the firm’s financial advisory business for the past four years and was previously the managing partner for tax and legal. He also served as a member of PwC’s executive board for the past eight years.
A Fellow Chartered Accountant, Mr Seymour holds a bachelor of commerce from the Queensland University of Technology and a bachelor of laws from Bond University.
“I absolutely love this firm. We attract and develop amazing people, we work with the very best companies on their most complex and important issues, and we play a critical role in building the community’s trust in businesses and government,” Mr Seymour said.
“The professional services industry has been through a period of significant growth, as we have evolved our services to help clients anticipate and respond to the incredibly complex challenges they are facing.
“I look forward to working with all our stakeholders to ensure our business is meeting and exceeding expectations and continuing to build trust. PwC’s business is built on providing quality advice and outcomes for our clients which is essential to maintaining our premium brand in the market and goes directly to trust.”
Outgoing chief executive Mr Sayers, who has served in his role for the past eight years, will remain with the firm during the transition of leadership until 30 June.
“Leading this firm over the past eight years has been an extraordinary privilege, and I feel tremendously proud of all we have achieved over that time,” Mr Sayers said.
“It has been profoundly rewarding to see our business overcome challenges and evolve with the times, and our outstanding people grow and thrive.
“Tom has demonstrated his remarkable leadership skills and passion for our firm over many years, and he has the trust and confidence of our partnership. I look forward to seeing what PwC achieves under his stewardship.”
Under Mr Sayers’ leadership, the big four firm saw its revenue grow up to $2.6 billion in 2018–19, up from $1.4 billion in 2012–13.
“Luke leaves a strong foundation for the next CEO to build on… he is an extraordinary leader and the board is grateful for his contribution to our firm, not only as CEO over the past eight years but during his 30-year tenure with PwC,” said chair of PwC’s Board of Partners, Peter van Dongen.
“We wish him all the very best when he retires from the partnership in June.”
Jotham Lian is the editor of Accountants Daily, the leading source of breaking news, analysis and insight for Australian accounting professionals.
Before joining the team in 2017, Jotham wrote for a range of national mastheads including the Sydney Morning Herald, and Channel NewsAsia.