Deloitte Names Engelbert CEO to Focus on Bank Rules, Cyber

Deloitte LLP named Cathy Engelbert to be the first woman leading a Big Four consulting-and-accounting firm in the U.S. as clients confront tighter financial regulations and cyber risks.

Engelbert, 50, was promoted from head of Deloitte’s auditing unit and will replace interim Chief Executive Officer Frank Friedman on March 11, the company said in a statement Monday. She will oversee about 65,000 employees at a business with almost $15 billion in annual revenue.