During two successful terms as CEO of leading business and financial adviser, Grant Thornton UK LLP, Scott Barnes has driven strong growth, and the development and execution of Grant Thornton's Ambition 2015 plan, achieving revenues of more than £500m in the year ended June 2014.
With his final term due to end in June 2015, Sacha Romanovitch has been ratified by a vote of the partners as the CEO elect.
Coinciding with this news, Scott has been elected unanimously to take on the role of Chairman of the Grant Thornton International Board once his tenure as the UK CEO comes to an end.
Scott and Sacha will work together closely on a transition programme during the first half of 2015, for both of their new roles.
Under Sacha's leadership the firm will continue its successful work in fostering an environment for growth in the UK: bringing the voice of the UK's dynamic mid-market to the attention of politicians; supporting the strong governance of the public and banking sectors; and working with a wide range of clients throughout the economy.
Sacha has been a member of Scott's leadership team since 2008, with the remit for developing our people and culture. A strong culture, set from the top, is critical to the success of any business, and her experience will be instrumental in creating the environment that enables people to continue delivering distinctive client service. Building on the work done internally, Sacha has also worked with significant external clients, advising on their cultural change programmes.
An advocate for increased social mobility within both the profession and wider business, she is Chair of the Patron Group for Access Accountancy, the profession-wide initiative to increase diversity.
More recently, Sacha has led Grant Thornton's Advisory business in London, the largest and fastest growing part of the firm, having led the London Audit and Tax practice from 2002 to 2007.
Commenting on the news, Scott Barnes said: "I'm delighted to confirm that Sacha will be leading the firm from next summer. We set out a clearly defined strategy for growth, Ambition 2015, three years ago and she is the right person to take this forward. She led the work we undertook with stakeholders to imagine how the future environment in which we will operate will look, which has informed the shape of our strategy into the future. I'm looking forward to seeing the bold moves that Sacha will no doubt make, to continue our status as a 'category of one'. As for myself, I am pleased to stay involved in the wider Grant Thornton organisation, and delighted to be confirmed Chair of the Grant Thornton International Board."
Commenting on her appointment Sacha Romanovitch said: "I have worked closely with Scott on his board for the last seven years, and am exhilarated to be taking over the great work he has already achieved. Embedding a strong brand and an empowered culture is critical to our on-going success. I firmly believe our firm, our clients and the wider success of the UK economy will depend on our ability to unleash talent and ideas from every section of society. From my experience one needs to do that intentionally - and when you do it makes a big difference."
Sacha Romanovitch biographical information
MA Hons in Chemistry, Oxford University
Qualified coach and NLP practitioner
2008 First Women Awards: Business Services
2009 Jaguar Woman of the Year
Board member, Managing Partners Forum
Editorial panel member, Economia magazine
Chair of Patron Group, Access Accountancy
Social Mobility Compact Champion sponsor