Cathy Engelbert has been elected to chief executive officer of Deloitte, becoming the first female CEO of a major audit and consulting firm in the United States. Additionally, Mike Fucci has been elected to the position of chairman of Deloitte's board. Engelbert and Fucci will both begin their new roles on March 11.

Engelbert currently serves as chairman and CEO of Deloitte & Touche, the U.S. accounting, auditing, and risk advisory subsidiary of Deloitte, leading the audit practice. Engelbert is a member of the Financial Accounting Standards Advisory Council, which advises the Financial Accounting Standards Board on strategic issues, project priorities, and other matters that affect accounting standard-setting. She has held partner roles serving several life sciences and pharmaceutical companies and advises multinational companies on financial instrument accounting matters.

For more than 33 years, Fucci has been a practitioner and principal at Deloitte. In 2009, he took responsibility for all consulting service areas during a significant economic downturn. Under his leadership, consulting’s service areas thrived and have been among the U.S. firms' top-performing business units.