Chief executive officer

The CEO takes office for an initial term of five years and is eligible for successive terms of three years each. No external search is conducted because the CEO is appointed from a pool of member firm candidates who are nominated by the board. Grant Thornton took external advice on the 2009 selection process, including selection criteria and evaluation methods.

The CEO is responsible for the leadership and management of Grant Thornton. The role of the CEO includes the development and recommendation of strategic priorities and of policies and procedures for ratification by the board, together with their subsequent implementation. The CEO has responsibility for appointing the global leadership board (GLB), subject to the concurrence of the board, to assist him in the day to day management of the organisation. The CEO is regularly briefed by relevant GLB members on recommended modifications to the policies and procedures governing international work, including audit, tax and advisory services and risk management. The CEO also has the authority to appoint new member firms in accordance with the criteria agreed by the board.

Ed Nusbaum took office as CEO on 1 January 2010
he was CEO of Grant Thornton US from 2001; under his leadership the firm tripled in size with 2009 revenues growing to $1.2 billion
before becoming US CEO Nusbaum served as the firm’s national managing partner of professional services, managing partner of the Philadelphia office and national director of assurance services
he is a Trustee of the Financial Accounting Foundation
he was appointed to the SEC’s Advisory Committee on Improvement to Financial Reporting (CIFiR) which issued its recommendations in August 2008 and was charged with advising the SEC on how the financial reporting system could be made more useful for those who rely on it.

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