School of Business Alumnus Joseph Echevarria Elected CEO of Deloitte LLP
April 25, 2011
An alumnus of the School of Business Administration and member of the School’s Board of Overseers has been elected to the position of chief executive officer at Deloitte LLP, the largest professional services organization in the U.S. The appointment of Joseph J. Echevarria, Jr. (BBA ’78) to the top post at the U.S. arm of Deloitte Touche Tohmatsu is effective June 1.
Echevarria was selected in 2007 to serve in his current role as U.S. managing partner and chief operating officer, Deloitte LLP, leading approximately 50,000 professionals in nearly 90 cities throughout the United States and in India. He is responsible for all of Deloitte's business subsidiaries, which deliver audit, tax, consulting and financial advisory services, as well as all of its shared service functions.
For Echevarria, an auditor himself, the critical role Deloitte plays in serving the investor public is of paramount importance. "More than ever, we recognize our role in maintaining the integrity of the capital markets and the reliance placed on audited financial statements. The highest standard of professionalism and quality in this area is one of my top priorities," said Echevarria.
"I am deeply honored to be elected by my partners and principals to be CEO of this great firm. As the largest professional services organization in the U.S., we have an obligation to lead," continued Echevarria. "Excellence in all of the professional services we provide constitutes the foundation of our success. As markets were shaken and major players disappeared overnight, we've made a clear choice to focus on superior performance, innovation and growth across all our practice areas. Great firms are growth firms."
"Talent is the engine of our excellence, innovation and growth," Echevarria added. "I am proud of the fact that our people are more diverse than ever before; it has made us a better organization and more attractive to top talent." In recognition of his leadership in diversity, the Association of Latino Professionals in Finance and Accounting (ALPFA) named Echevarria "Executive of the Year in 2007" and he now serves on ALPFA's Corporate Advisory Board.
“We are delighted to learn of Joseph Echevarria’s appointment and very proud to call him one of our own,” said Frances Aldrich-Sevilla Sacasa, the School's interim dean. “Joe stands as a role model to our students and is an inspiration to the entire School of Business community. We are fortunate to have him serving as an advisor and to benefit from his compassion and commitment to our students and to the growth of the School.”
Since joining in 1978, Echevarria has held a number of leadership positions including Deloitte LLP's deputy managing partner and Southeast region audit managing partner for Deloitte & Touche LLP. Echevarria serves as chair of Deloitte's Operating Committee and is a member of its Executive and Succession Planning Committees. He also holds positions in several committees and boards in the DTTL member firms network including the Americas Executive.
In addition to supporting the UM School of Business through his service on the Board of Overseers, Echevarria has participated in the School’s Executive in Residence program. In 2009, he sat in on an undergraduate accounting class and participated in a case study discussion. He also gave an engaging presentation to a large audience of students, faculty and staff. When he joined the School’s Board of Overseers, Echevarria spoke of his commitment to help the School of Business grow.
“The University of Miami prepared me for my career at Deloitte and gave me a solid foundation for success,” he said. “I’ve enjoyed returning to the campus as an Executive-in-Residence. Serving on the board, I can support the School in its efforts to continue to grow and build upon its strong academic standing.”
Echevarria is also a member of the Orange Bowl Committee, has served on the Greater Miami Chamber of Commerce’s Board of Governors and Trustees and the Dade Education Fund board, and as president of the United Way Young Leaders of Florida.