PricewaterhouseCoopers Says CEO Will Retire
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PricewaterhouseCoopers Chief Executive Jim Schiro, 56, will retire as soon as a successor is found, the world’s largest accounting firm said.
No reason was given by the company for Schiro’s departure. Schiro said earlier that “the timing was right.” Mandatory retirement age for the firm’s partners is 60, the company said. The process of finding a successor will take six to nine months, a spokesman said.
The closely held firm’s choice for a successor must be approved by its global partners, the spokesman said.
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