Global accounting and consultancy firm Deloitte has named Janet Foutty as Chief Executive Officer of its US Consulting unit, effective January 1 2016. Foutty, who becomes the female CEO with the largest span of control in the consulting industry, succeeds Jim Moffatt, who has recently been named the firm’s global consulting business leader.
Janet Foutty has been with Deloitte for over two decades. After starting her career with Arthur Andersen (now Accenture) she joined the Big Four in 1990, and has since grown impressively through the ranks. She currently serves as the leader of Deloitte’s $1.4 billion US Federal Practice*, a role which she has held since being promoted in January last year. She also serves as the National Managing Director of the Federal Consulting practice for Deloitte Consulting. In this role, she directs more than 6,000 dedicated practitioners and former government executives as they help Federal agencies transform into more efficient, effective organisations with wide-ranging missions in the US and around the world. Prior to which, Foutty was the National Managing Director of the Technology Consulting unit (17,000 professionals). In that role, she oversaw double digit growth in her five year tenure and successfully launched multiple new businesses including Customer Solutions and, most recently, Deloitte Digital**.
Others leadership positions Foutty held at Deloitte include a role in the Financial Services Industry leadership team as well as the Women’s Initiative and Diversity & Inclusion leadership councils.
Per the 1st of January next year she will take over the helm from Jim Moffatt and serve as Deloitte Consulting’s CEO in the US. “Janet has a track record of helping clients tackle their toughest challenges with innovative solutions," says Cathy Engelbert, Chief Executive Officer of Deloitte US, who recently was named one of the Top 50 Most Powerful Women in New York. “Her vision, superior client service, and thought leadership position her well to lead our US consulting practice.”
Based in Chicago, Foutty becomes the female with the largest suite of responsibilities in the consulting industry – no other CEO leads a consulting practice with the size, scope and scale of Deloitte Consulting. Revenues of the US Consulting practice currently amount to $7.8 billion, which represents 48% of Deloitte’s total income in the US, and equates to 64% of Deloitte Consulting’s $12.2 billion global revenue. According to recent data from Gartner, Deloitte Consulting is the globe’s largest consulting firm, while also other analysts such as Kennedy and IDC rank Deloitte as the #1 player when it comes to size and scale.
Commenting on her new role, Foutty says she is “humbled and honored to have the opportunity to serve the clients and people of this great practice”, adding “I am excited to build on the outstanding achievement of our consulting business.”
Janet Foutty holds a Bachelor of Science in quantitative business analysis from Indiana University, and a Masters of Business Administration in finance from the Kelley School of Business at Indiana University. Besides her professional activities for Deloitte, she currently serves on the Dean's Council of the Indiana University, Kelly School of Business and on the board of directors of the Professional Services Council.
Other women that are considered to be among the most influential women in consulting include Lynne Doughtie, Chief Executive of KPMG in the US, Orit Gadiesh, Chairman of Bain & Company, and Sacha Romanovitch, the newly-appointed CEO of Grant Thornton UK, while twelve female advisors have recently been featured as a 'Women Leader in Management Consulting'.
* Deloitte’s Federal Practice provides consulting, risk advisory and financial advisory services to cabinet-level agencies in the US government, and has more than 7,350 dedicated professionals.
** Prior to launching Deloitte Digital, Foutty helped drive the 2012 acquisition of Übermind – an innovative mobile agency – which in the early days formed the basis of Deloitte Digital. Nowadays Deloitte Digital is with a reported revenue of around $1.5 billion, one of the larger advertising and design agencies of the globe.