Deloitte Central Europe announced today that Alastair Teare has become the next chief executive officer of the Central Europe member firm of Deloitte Touch Tohmatsu Limited (DTTL). Teare has assumed his new role and responsibilities on 1 June 2012, the start of the new fiscal year.
Teare succeeds Michael Barrington, who completed his term and retired from Deloitte after more than 37 years in the company. Teare’s appointment by the Board of Directors was ratified by the partners of Deloitte Central Europe in an election and decision process that occurs every four years.
As the new CEO, Teare’s responsibilities will encompass working across 17 countries and 41 offices, with more than 3,700 people in Central Europe.
I am honoured that the partners have given me this privilege, which I also see as a great responsibility (…)The partners and I have a shared vision for leading Deloitte Central Europe, based on a focus to delivering excellence and quality to our clients. Together we will continue to build on the firm’s exceptional breadth and quality of services, and Deloitte’s reputation for being one of the most fulfilling and exciting places for our people to work.
During his more than 20-year tenure at Deloitte, Teare, 44, based in Hungary, has built an impressive record of success through a variety of leadership and client service roles, with a focus on financial institutions. Since 2005, he has served on the Executive Committee of Deloitte Central Europe and been its Reputation & Risk Leader, in which role he led the development of a risk program which integrated risk into the operational activities of the firm.
Teare joined the London office of Deloitte LLP, the United Kingdom member firm of DTTL, in 1990 and was initially seconded to Budapest, Hungary in 1993. He was admitted as a partner of Deloitte Central Europe in January 1999, and was the partner in charge of the audit practice in Hungary from 2000 to 2005, when he became the Reputation & Risk Leader for Deloitte Central Europe. He has served as a member for the Deloitte Central Europe Board of Directors from 2004 to 2006.
Teare is a member of the Institute of Chartered Accountants in England and Wales and has a degree in Politics and International Studies from the University of Southampton.