Punit Renjen, currently Deloitte US member firm chairman of the board, has been appointed as Deloitte Touche Tohmatsu (Deloitte Global) new chief executive officer. He will assume the new role on June 1 2015, the start of Deloitte Global's new fiscal year.

Renjen succeeds Barry Salzberg, who will retire from Deloitte Global at the end of its fiscal year on May 31 2015 and become a member of the full time faculty of Columbia Business School as a professor of professional practice. Salzberg also plans to serve on public company boards.

Renjen's leadership appointment is part of a rigorous and comprehensive nomination and member firm partner ratification process that occurs every four years and includes all member firms of the Deloitte worldwide network.

Renjen will remain with the Deloitte US firm until he transitions to the role of Deloitte Global CEO.

Prior to his role a US chairman, Renjen served as chairman and CEO of Deloitte Consulting LLP in the US.

Renjen grew up in India and holds a bachelor's degree with honors and a master's degree in management with honors from Willamette University.