Steve Varley is to become global vice-chairman of sustainability for EY PAUL ROGERS FOR THE TIMESEY has begun the search for a new managing partner in Britain after its chairman said that he would relinquish responsibility for the firm’s day-to-day management. Steve Varley, 51, who has been UK chairman and managing partner for the UK and Ireland since 2011, will resign as managing partner after a successor is appointed. However, he will remain as the professional services group’s UK chairman and will take on a newly created global role as vice-chairman of sustainability. His successor will face the challenge of leading EY as the profession braces for regulatory reform, including pressure on the “Big Four” firms — comprising Deloitte, KPMG, PWC and EY itself — to split their consulting and audit practices. EY, formerly known as Ernst & Young, started…

Source: The Times January 14, 2020 00:00 UTC