A Deloitte LLP executive in Kansas City, Frank S. Friedman, has been appointed chief executive officer of the professional services firm, which has 9,500 certified public accountants and more than 100 offices nationwide.
Deloitte LLP, the U.S. member firm of Deloitte Touche Tohmatsu Limited, had $13.9 billion in revenue last year.
Friedman, who became the company’s chief financial officer in 2011, has been with Deloitte 34 years, joining the firm’s Kansas City office in 1979 after graduating from the University of Kansas. Deloitte is headquartered in New York, but Friedman plans to stay in the Kansas City area.
“I am truly humbled to serve as CEO,” said Friedman, whose appointment was announced Friday. “It is an honor to have the opportunity to lead Deloitte — 65,000 people who every day deliver measurable and enduring impact on behalf of our clients, communities and society.”
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Besides being CFO, Friedman serves on Deloitte’s U.S. executive committee and is head of its U.S. Operating Group. He is a certified public accountant, and his KU degree is in accounting and business administration.
As CFO he has overseen more than 4,000 finance and administration professionals in the U.S. and India, the company’s news release said, and is responsible for financial strategy, including capital, budgeting, planning, analysis, accounting, partner financial services, taxes, reporting and operations.
In the community, Friedman has served on the boards of organizations including Starlight Theatre, HCA Midwest Health, the MidAmerica Minority Supplier Development and Menorah Medical Center.
Friedman is moving up as Joe Echevarria retires. Echevarria joined the firm in 1978 and became CEO in 2011.
“This is the right time in my life to pursue my passion for public service,” Echevarria said in a company news release. “Given my roots, inner-city Hispanic from the South Bronx — I am especially looking forward to continuing my role as co-chair with Magic Johnson on the My Brother’s Keeper Initiative, which is focused on helping boys and young men of color succeed.”