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Punit Renjen

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Punit Renjen
Born1961 (age 62–63)
Rohtak, India
EducationWillamette University (MBA)
EmployerDeloitte
TitleCEO
Board member of

Punit Renjen (born 1961)[1][2] is an Indian-American businessman who has been chief executive officer of the multinational professional services firm Deloitte since June 1, 2015. Previously, Renjen was chairman and CEO of Deloitte Consulting LLP, and later, held the role of chairman of Deloitte LLP (United States) from 2011 to 2015. Effective December 31, 2022,  Renjen became Global CEO Emeritus of Deloitte.[3]

Renjen was raised in Rohtak, North India in the state of Haryana. After earning an MBA in management from Oregon's Willamette University, he was hired by Touche Ross, which merged into Deloitte in 1989. He has worked at Deloitte and lived in the US ever since.

Renjen is on the Wall Street Journal's Council of CEOs[4] and has been on the boards of directors at Catlin Gabel School, United Way Worldwide, the U.S.-India Business Council, and his alma mater. He lives in Portland, Oregon.

Renjen was nominated to join the SAP Supervisory Board and succeed the SAP founder Hasso Plattner as a chairman on Feb 22nd 2023.[5] This nomination was rescinded when he left SAP on Feb 12nd 2024 due to "differences in perspective on the role".[6] He currently serves as a member of the President's Export Council.[7]

Early life and education

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Renjen grew up in Rohtak, a city in Haryana's Rohtak district, in India, where his father had established an electrical switchgear factory.[8] Around age seven, Renjen was sent to The Lawrence School, Sanawar, an autonomous public co-educational boarding school near Shimla, because his parents were seeking a better education for him than he was receiving in Rohtak.[8] When Renjen was approximately fourteen years old, his father's business encountered financial difficulty, and the family's inability to continue paying for boarding school forced Renjen to return to Rohtak and work at the family factory part time.[8]

Renjen attended a local college, where he earned his Bachelor's degree in economics.[8] After graduating, Renjen worked for the Delhi-based home appliance company Usha International. In 1984, he earned a Rotary Foundation Scholarship, affording him airfare to the United States and a full scholarship to Salem, Oregon's Willamette University.[2][8] He earned his Master of Management from Willamette's Atkinson Graduate School of Management in 1986,[9][10] and has lived in the United States ever since.[8][11]

Career

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After graduating from Willamette, Renjen began interviewing at American firms. In the late 1980s, a partner at Touche Ross invited him to interview with the company after reading on a flight a local magazine that profiled Renjen and nine other students. He was initially hired as an associate consultant and has worked at Deloitte for 32 years since that time.[8][12][13]

His work at Deloitte has included advising multinational companies on divestitures, mergers and acquisitions, operations, post-merger integration, and strategy.[10][14][15] Renjen later served as chairman and CEO of Deloitte Consulting LLP, which is a United States member firm, then as chairman of Deloitte LLP (United States) for four years beginning in June 2011.[8][11]

Renjen currently serves as the CEO of Deloitte Touche Tohmatsu Limited (Deloitte Global).[8][11] The company announced Renjen's confirmation on February 16, 2015, following an election and nearly unanimous ratification by thousands of Deloitte's partners.[1][16] When Renjen's four-year term as CEO began on June 1, 2015,[8][17] he became the first Asia-born person to head one of the Big Four global professional services firms.[2][18][19] In June 2019, he was elected to a second, four-year term as Deloitte Global CEO.[12] During that time, Deloitte announced that their fiscal year numbers for 2021 reached $50.2 billion and their workforce expanded to 345,000,[20] making them the first big 4 firm to clear $50 billion in global revenue.[21]

In February 2018, Punit launched WorldClass, Deloitte’s global initiative designed to advance education and skills for communities at risk.[22] In 2019, the program was launched in India with the goal of supporting 10 million girls and women by 2030 there through education and skills development.[23]

In May 2021, the Haryana government and Deloitte launched a COVID-19 project called Senjeevani Pariyojana to treat patients with mild to moderate COVID-19 symptoms in their homes. Renjen led the design of the program which is being supported by the Public Health Foundation of India and the Post Graduate Institute of Medical Science.[24][25]

Other roles

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In addition to serving on Deloitte Global's boards of directors as part of his current role,[26][27] Renjen is a member of The Wall Street Journal CEO Council, United Way Worldwide,[28] the U.S.-India Business Council,[29][30] and the Business Roundtable.[31] He also serves as a member of the boards of trustees at Catlin Gabel School,[32] United States Council for International Business and Willamette University.[11][33][34] In 2015, the Association to Advance Collegiate Schools of Business International (AACSB) included Renjen on their inaugural "Influential Leaders" list,[35] which recognizes "100 AACSB-member-school alumni who inspire others with their professional and volunteer work".[34] He has co-authored articles for Chief Executive and The Journal of Business Strategy, and has been featured in interviews with Bloomberg Businessweek, Consulting, Investor's Business Daily, and The Wall Street Journal.[36]

Awards and honors

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In 2007, Renjen was listed as one of Consulting magazine's "Top 25 Most Influential Consultants".[9][14][18] In 2012, 2013, and 2014, he was named an honoree to the National Association of Corporate Directors (NACD) "Directorship 100".[37][38][39] In 2015, the Association to Advance Collegiate Schools of Business International (AACSB) included Renjen on their inaugural "Influential Leaders" list,[35] which recognizes "100 AACSB-member-school alumni who inspire others with their professional and volunteer work".[34][40] In 2017, he was honored with the "Gaurav Samman" by the Government of Haryana. The award was given to people of Haryanvi origin residing outside of Haryana who have made significant contributions in various fields.[41] In May 2019, he received an honorary degree from Willamette University.[42]

Renjen received the 2020 Oregon History Makers Medal in the category of "Visionary Business Leader."[43] Also in 2020, he was named one of the EMpower Top 100 Ethnic Minority Executive Role Models, an honor given to recognize senior executives of color who are removing barriers to success for other ethnic minority employees and are leading by example.[44] The Indiaspora Business Leaders List recognized Renjen as one of over 50 executives from the Indian diaspora of top-tier international corporations in 2020.[45][46] In 2021, the US-India Strategic Partnership Forum (USISPF) recognized Punit with the USISPF Global Achievement Award in honor of his corporate leadership in fighting Covid-19 during India's second wave.[47] In 2022, Punit was recognized by The Economic Times as "Global Indian of the Year."[48]

Personal life

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Renjen lives in Portland, Oregon.[9][49] He is a sports fan, with a particular affinity for cricket and American football, and a runner.[50] He is married to Heather Renjen and has a son.[1][8]

In 2022, Renjen was named by Carnegie Corporation of New York as an honoree of the Great Immigrants Award.[51][52]

See also

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References

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  1. ^ a b c Yiu, Enoch (August 21, 2015). "How Punit Renjen became the first Asian global CEO of Deloitte". South China Morning Post. Hong Kong: SCMP Group. Retrieved February 29, 2016.
  2. ^ a b c Durkin, Patrick (October 5, 2015). "Punit Renjen's remarkable journey from factory worker to Deloitte global CEO". The Australian Financial Review. Fairfax Media. Retrieved February 29, 2016.
  3. ^ "Deloitte Names Joe Ucuzoglu as Next Global CEO". news.bloombergtax.com. Retrieved 2022-12-02.
  4. ^ "CEO Council Members". The Wall Street Journal. Retrieved 24 April 2018.
  5. ^ SE, SAP. "SAP Supervisory Board Proposes Punit Renjen as Designated Successor to Chairman Hasso Plattner". www.prnewswire.com (Press release). Retrieved 2023-02-22.
  6. ^ Cantrill, Aggi (12 February 2024). "SAP Splits With Chairman Nominee Ahead of Plattner Retirement". Retrieved 12 February 2024.
  7. ^ "President's Export Council Members". International Trade Administration. 2024. Retrieved March 8, 2024.
  8. ^ a b c d e f g h i j k Ghoshal, Devjyot (February 18, 2015). "How a refugee's son from a small Indian town became Deloitte Global's CEO". Quartz. Atlantic Media. Retrieved February 11, 2016.
  9. ^ a b c "Punit Renjen MM'86 Named Global CEO for Deloitte". Willamette University. February 19, 2015. Retrieved March 1, 2016.
  10. ^ a b Ringold, Debra (November 2009). "Atkinson News: CEO Position Goes to Willamette Alumnus". Willamette University. Retrieved March 29, 2016.
  11. ^ a b c d "Punit Renjen: A profile of the Deloitte Global CEO". Deloitte. Retrieved February 11, 2016.
  12. ^ a b "Deloitte re-elects Renjen as global CEO". Accounting Today. 3 June 2019. Retrieved 2019-06-04.
  13. ^ "Punit Renjen | Deloitte Global CEO". Deloitte. Retrieved 2019-10-06.
  14. ^ a b Nair, Remya (January 29, 2015). "Rohtak boy Punit Renjen tipped to be Deloitte CEO". Mint. New Delhi: HT Media. Retrieved February 29, 2016.
  15. ^ "Punit Renjen new Chairman and CEO of Deloitte Consulting LLP". Post Online Media. Zagreb, Croatia: Histerius Company. November 9, 2009. Retrieved March 29, 2016.
  16. ^ "Punit Renjen appointed as Deloitte's global head". Mint. YouTube. February 17, 2015. Retrieved March 3, 2016.
  17. ^ Rogers, Bruce (June 26, 2015). "Newly Named Deloitte Global CEO's Mission: Create a Culture of Purpose". Forbes. ISSN 0015-6914. Retrieved February 11, 2016.
  18. ^ a b "Punit Renjen becomes Deloitte CEO: 7 facts to know about the Rohtak man". Firstpost. February 17, 2015. Retrieved February 29, 2016.
  19. ^ "India-born Punit Renjen to be Deloitte Global CEO". The Economic Times. Mumbai: The Times Group. February 17, 2015. OCLC 61311680. Archived from the original on February 20, 2015. Retrieved February 29, 2016.
  20. ^ "Deloitte: global employees 2006-2021". Statista. Retrieved 2021-10-03.
  21. ^ Maurer, Mark (2021-09-09). "Big Four Firms EY, Deloitte Report Higher Revenue". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-10-03.
  22. ^ IANS (2019-02-23). "Deloitte initiative to empower 10 million females in India". Business Standard India. Retrieved 2019-10-06.
  23. ^ "Deloitte to provide education, skills training to 10 mn girls, women by 2030 in India". The Economic Times. 2019-02-24. Retrieved 2019-10-06.
  24. ^ "Manohar Lal Khattar launches 'Sanjeevani Pariyojana' to ensure quick medicare access at home | Chandigarh News - Times of India". The Times of India. PTI. May 24, 2021. Retrieved 2021-06-17.
  25. ^ "Deloitte designed 'innovative, simple, fit-for-purpose' programme against COVID-19: CEO". www.businesstoday.in. 25 May 2021. Retrieved 2021-06-17.
  26. ^ "India-born Punit Renjen to be Deloitte Global CEO". Daily News and Analysis. Diligent Media Corporation. February 16, 2015. Retrieved March 1, 2016.
  27. ^ "Deloitte appoints India-born Punit Renjen as global CEO". The Hindu. Chennai: The Hindu Group. February 16, 2015. ISSN 0971-751X. OCLC 13119119. Retrieved February 29, 2016.
  28. ^ "Our Leadership: Punit Renjen". United Way Worldwide. Retrieved February 29, 2016.
  29. ^ "U.S.-India Business Council Appoints Edward Monser, Punit..." U.S.-India Business Council. Retrieved February 29, 2016.
  30. ^ Jha, Lalit K. (January 12, 2016). "Punit Renjen and Edward Monser selected as USIBC vice chairs". India Today. Living Media. ISSN 0254-8399. Retrieved March 1, 2016.
  31. ^ "Members". www.businessroundtable.org. Retrieved 2019-10-29.
  32. ^ "Board of Trustees". Catlin Gabel School. Retrieved March 3, 2016.
  33. ^ "Punit Renjen: Deloitte Global CEO, DTTL". Deloitte. Retrieved February 11, 2016.
  34. ^ a b c Southward, Brandon (September 22, 2015). "Willamette MBA alumnus Punit Renjen honored". Statesman Journal. Gannett Company. Retrieved February 29, 2016.
  35. ^ a b "Influential Leaders: Punit Renjen". AACSB International—The Association to Advance Collegiate Schools of Business. Retrieved March 1, 2016.
  36. ^ "Deloitte Elects Indian-American Punit Renjen Chairman of the Board". Pravasi Herald. May 11, 2011. Retrieved March 29, 2016.
  37. ^ "2012 Honorees". National Association of Corporate Directors. Retrieved June 23, 2016.
  38. ^ "2013 Honorees". National Association of Corporate Directors. Retrieved June 23, 2016.
  39. ^ "2014 Honorees". National Association of Corporate Directors. Retrieved June 23, 2016.
  40. ^ "Willamette MBA's Andrew Kach honored". willamette.edu. Retrieved 2019-07-09.
  41. ^ "Haryana Government conferred Gaurav Samman upon 19 Pravasi Haryanvis for their outstanding contributions in various fields at the first ever Pravasi Haryana Divas in Gurugram today. | Directorate of Information, Public Relations & Languages, Government of Haryana". www.prharyana.gov.in. Retrieved 2019-07-09.
  42. ^ "Commencement speakers, honorary degrees announced". willamette.edu. Retrieved 2019-06-16.
  43. ^ "History Makers". Oregon Historical Society. Retrieved 26 February 2020.
  44. ^ "The EMpower Top 100 Ethnic Minority Executive Role Models 2020". uk.finance.yahoo.com. Retrieved 2020-06-21.
  45. ^ Indiaspora. "2020 Indiaspora Business Leaders List Recognizes More Than 50 Executives of Indian Heritage Leading Global Corporations". www.prnewswire.com (Press release). Retrieved 2020-10-07.
  46. ^ Indiaspora (2020-07-08). "2020 Indiaspora Business Leaders List recognizes more than 50 executives of Indian heritage leading global corporations". GlobeNewswire News Room (Press release). Retrieved 2020-10-07.
  47. ^ "US-India Strategic Partnership Forum to honour Tata Sons' Chandrasekaran, 2 other business leaders". Business Today. 28 September 2021. Retrieved 2021-10-03.
  48. ^ "ET Global Indian of the Year 2021: Punit Renjen - A Rohtak boy at heart, an Indian with a world mark". The Economic Times. 28 March 2022. Retrieved 2022-03-30.
  49. ^ Spencer, Malia (February 17, 2015). "Deloitte taps Portland resident and Willamette University trustee as global CEO". Portland Business Journal. Retrieved March 1, 2016.
  50. ^ Ghoshal, Devjyot (19 February 2015). "How a refugee's son from a small Indian town became Deloitte Global's CEO". Quartz India. Retrieved 2019-07-09.
  51. ^ "Punit Renjen". Carnegie Corporation of New York. Retrieved June 10, 2024.
  52. ^ Kumar, Arun (2022-07-01). "Padma Lakshmi, Punit Renjen among Carnegie's 2022 class of Great Immigrants - The American Bazaar". Retrieved 2024-06-17.

Further reading

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