Carmine Di Sibio

Carmine is the Global Chairman and CEO of EY, one of the largest professional services organizations in the world with more than 300,000 people in 150 countries.
Summary

Carmine Di Sibio is the Global Chairman and CEO of EY, one of the largest professional services organizations in the world. EY has achieved US$45 billion in revenues and has more than 360,000 people serving clients in 150 countries worldwide.

Appointed in 2019, Carmine led the development of NextWave: EY’s global strategy affirming its purpose of Building a better working world and ambition to create long-term value for all stakeholders. In 2021, EY announced a further US$10b investment in people and technology as part of NextWave.

Carmine co-chairs the EY Global Diversity and Inclusiveness Steering Committee and he is leading on EY’s commitment to be net-zero in 2025, having become carbon neutral in 2020 and carbon negative in October 2021.

He is a member of the board of Focusing Capital on the Long Term (FCLT). He’s Co-Chair of the New York Jobs CEO Council, and also serves on the boards of the Foundation for Empowering Citizens with Autism and Family Promise. Carmine is a member of the Board of Trustees of Colgate University and a member of the Wake Forest University Business School Board of Visitors.

Carmine earned a BA from Colgate University and an MBA from New York University’s Stern School of Business.

Biography

Carmine Di Sibio was born in the town of Frigento in the Province of Avellino in Campania, Italy. Together with his family, Di Sibio emigrated to the United States from Italy as a three-year-old child and grew up in Glen Cove, New York. A first-generation college student, Di Sibio received a bachelor's degree in Chemistry from Colgate University and an MBA from New York University Stern School of Business. His career foundation is in audit - practicing as a certified public accountant (CPA).

He joined EY in 1985 and rose through the ranks to serve as the Advisory and Assurance Partner for several EY financial services accounts across the US$35 billion revenue global organization in 150 countries, and more than 270,000 employees. Previously, he was the Chair of the EY Global Financial Services Markets Executive and Regional Managing Partner for the Americas Financial Services Organization, where he started EY Risk Management and Regulatory Services. Among his past positions at EY include Americas Banking and Capital Markets Leader (2001 – 2003), Assurance and Advisory Managing Partner – Financial Services (2003 – 2006); Financial Services Managing Partner - Americas, Vice Chair - Americas Executive Board (2006 – 2013), Chair of the Global Financial Services Markets Executive (2011 – 2013). 

From July 2013 to June 2019, he served as the Global Managing Partner for Client Service, responsible for driving growth relationship building and innovation as well as the execution of the organization's global strategy, covering four geographical areas - the Americas, EMEIA, Asia-Pacific and Japan), and four primary service divisions – tax, advisory, assurance, and transaction advisory services.

He led the operationalization of a US$1 billion investment in new technology solutions over a two-year time frame. He was instrumental in the creation of the Global Innovation team to redefine how EY uses technology to both transform existing services and create new solutions. Spearheading acquisitions and alliances strategy, he helped expand EY offerings in a variety of new and emerging fields. He served as a co-chair of EY's Global Diversity and Inclusiveness Steering Committee.

Carmine Di Sibio is on the board of Foundation for Empowering Citizens with Autism and Family Promise, as well as being a member of the Board of Trustees of Colgate University.

Di Sibio was elected Global Chairman and CEO-elect for a four-year term on 17 January 2019 and assumed the role of Global Chairman and CEO of EY on 1 July 2019, succeeding Mark Weinberger who served for six years.


Vision

Carmine Di Sibio, the Global Chairman and CEO of EY, has a vision focused on driving growth, innovation, and transformation within the organization. With his extensive experience in the financial services industry and his deep understanding of EY's global operations, Di Sibio aims to position EY as a leader in providing cutting-edge solutions to clients across the world.

Di Sibio is committed to leveraging technology to transform EY's services and create new solutions. Under his leadership, EY has made significant investments in new technology solutions, amounting to US$1 billion over a two-year period. He has spearheaded the operationalization of these investments and the establishment of the Global Innovation team, which aims to redefine how EY utilizes technology to enhance its existing services and develop innovative offerings.


Recognition and Awards
As the co-chair of the EY Global Diversity and Inclusiveness Steering Committee, he has played a pivotal role in promoting diverse perspectives and cultural references within the organization. This focus on inclusivity has not only fostered high-performing teams but has also contributed to the development of exceptional leaders within the profession. Di Sibio's dedication to maximizing the power of different opinions and backgrounds is instrumental in creating an environment that values diversity and drives success. Furthermore, Di Sibio's contributions extend beyond EY. He is a member of the board of Focusing Capital on the Long Term (FCLT), where he actively encourages businesses to adopt a long-term focus that drives inclusive growth. Additionally, his involvement in the World Economic Forum (WEF) as a member of its International Business Council demonstrates his commitment to shaping global economic agendas and fostering collaboration among industry leaders. Outside of his professional engagements, Di Sibio serves on the boards of the Foundation for Empowering Citizens with Autism and Family Promise. His commitment to philanthropy and social impact is evident through his involvement in organizations dedicated to empowering individuals and supporting families in need. Moreover, as a member of the Board of Trustees of Colgate University, Di Sibio contributes his expertise and insights to help shape the strategic direction of the institution. Di Sibio's expertise and thought leadership are widely recognized, as he regularly shares his knowledge and insights through prominent editorial platforms such as the World Economic Forum, Financial Times, Bloomberg, CNBC, and The Wall Street Journal. His contributions to these esteemed publications showcase his ability to provide valuable perspectives on various topics related to the global economy, finance, and business.

References
Carmine Di Sibio
Residence
USA
Occupation
Global leader, technologist, finance expert, business and management specialist
Known for
Ernst & Young (Chairman, CEO)
Accolades
Special Achievement Award in Financial Services (National Italian American Foundation, 2014)
Education
Chemistry (Colgate University), Master's (Business Administration, NYU Stern School of Business)
Social Media
Mon Feb 26 2024
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