Described as the first Indian-American CEO to lead a major Big Four firm globally, Punit Renjen has built a long career in professional services. He was a board member of The Business Roundtable, and served on The Wall Street Journal’s CEO Council. He’s also been awarded the Oregon History Makers Medal.
Born in India, Punit Renjen moved to the United States in 1986. He studied at Willamette University and completed a Master of Management degree. He was a member of the university’s Board of Trustees, and also served on the United Way Worldwide board of trustees. He has been with Deloitte since 1989, and is currently the Global CEO of Deloitte. His father, also named Punit, was a factory owner in Haryana. His father had to forgo his engineering education in the United Kingdom, because of the partition of India in 1947.
While studying in the US, Renjen was offered a scholarship to Willamette University by the Rotary Foundation. This offered him a place at the university’s Atkinson Graduate School of Management, as well as a ticket to the US. While he was there, he became interested in applying his MBA skills to an American firm. He applied to Citibank, Booz Allen Hamilton, and then settled on Touche Ross. After a brief stint with the firm, he joined Deloitte as an associate consultant in the late 1980s. He later served as the head of the US consulting business.
In the mid-2000s, Renjen was responsible for developing Deloitte’s global strategy, which helped the firm grow revenue from $35 billion to more than $59 billion in seven years. He helped Deloitte maintain its position as the world’s largest professional services firm. He led the firm’s growth in India, where it now has a 15% share of its global workforce. In addition, he helped form a coalition of US businesses to mobilize resources for India. This effort included the delivery of 25,000 oxygen concentrators to India in 2020.
Renjen led Deloitte’s US consulting business, which includes Deloitte LLP, Deloitte Consulting, and Deloitte Tax. He also led the firm’s mergers and acquisitions (M&A) practice. He’s also served on the Deloitte Global Board of Directors. He’s also chaired the U.S.-India Strategic Partnership Forum. He serves on the board of the United Way Worldwide and is a member of the Wall Street Journal’s CEO Council. In 2019, Renjen was reappointed as the Deloitte Global CEO, and will become Global CEO emeritus when he retires in May 2023.
He’s also been recognized as one of the top 100 most influential business leaders in the world. He’s also been honored with the Oregon History Makers Medal, and was named to the Wall Street Journal’s CEO Council.
In recent years, Punit Renjen has been a leader in establishing and scaling the Deloitte Global network, and he’s been instrumental in helping the firm maintain its position as the world’s largest accounting firm. In addition, he’s a member of The Business Roundtable, and has co-authored articles for the Chief Executive magazine.