Janet Truncale: 1st Female CEO of a Big Four Firm Embraces Leadership Role

In 2024, Janet Truncale made history by becoming the first female CEO and global chair of EY, a milestone that positioned her as the first woman to lead a Big Four accounting firm. Despite the media attention highlighting her gender, Truncale initially felt uncomfortable with the “first woman” label. However, she has grown to embrace her trailblazing role as a source of inspiration for future leaders. With over 400,000 employees under her leadership and more than $50 billion in revenue, Truncale is not only breaking barriers but also reshaping what inclusive leadership looks like at the top of global consulting.

A Reluctant Trailblazer Learns to Embrace Her Role

When Janet Truncale’s appointment as CEO was announced, media headlines focused heavily on her being the first woman to lead a Big Four firm. Initially, this made her uneasy. “Why does it say that?” she questioned. But after conversations with female colleagues, she realized the broader impact her leadership had on aspiring women across the industry. “It’s not about you—it’s about the next generation,” they reminded her. Since then, she’s leaned into the role, even if it still feels a bit uncomfortable at times.

From Intern to Global CEO — A Career Built Over Decades

Truncale’s journey with EY began in the 1990s as an intern. She rose through the ranks, working predominantly in audit, where she often found herself as the only woman in boardrooms. “That’s been the story of my career,” she said, recalling her early days in a male-dominated environment. Her rise is a testament to perseverance, capability, and leadership that transcends gender.

Advice for Women in Leadership

Truncale encourages women to believe in their expertise and to claim their place at the table. “Whether it’s thirty years ago or today, you have something to say,” she said. She also advocates for mentoring others and lifting fellow professionals as they climb the ladder.

EY’s Commitment to Diversity and Inclusion

Unlike some of its counterparts, EY continues to uphold its diversity, equity, and inclusion (DEI) efforts. As per its 2024 DEI report, 48% of its U.S. workforce and 36% of its partners are women. In the UK, 29% of EY’s partners are female, with a goal of reaching 40% by July 2025. Truncale’s leadership is a strong example of how DEI isn’t just a corporate statement—it’s part of the leadership culture.

A Broader Shift in Industry Leadership

While Janet Truncale is the first female CEO in the Big Four, she’s not alone in the broader industry. Julie Sweet became Accenture’s CEO in 2019, another major win for female leadership in consulting. Still, gender diversity at the top remains limited, making Truncale’s appointment a beacon of progress.

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Conclusion

Janet Truncale’s journey from intern to global CEO is both inspiring and symbolic of the changing face of corporate leadership. Though initially hesitant to embrace the spotlight as a trailblazer, she now understands the power her story holds for future generations. Her leadership at EY is more than a personal achievement—it’s a powerful message that leadership has no gender. As companies across the globe rethink diversity and inclusion, Truncale’s presence at the helm of a Big Four firm is a timely reminder that progress is not only possible—it’s necessary.

FAQ Section:

Q1: Who is Janet Truncale?
Janet Truncale is the global chair and CEO of EY, and the first woman to lead a Big Four consulting firm.

Q2: Why is Janet Truncale’s appointment significant?
She is the first female CEO of a Big Four firm, breaking gender barriers in a traditionally male-dominated industry.

Q3: When did Janet Truncale become CEO of EY?
She assumed the role in 2024.

Q4: What is EY’s commitment to diversity?
EY reports that 48% of its U.S. workforce and 36% of its partners are women, with ongoing DEI goals globally.

Q5: Who are other female leaders in consulting?
Julie Sweet of Accenture is another prominent female CEO in the consulting industry.