Ramesh Rajan elected PricewaterhouseCoopers CEO

NEW DELHI, 3 May 2007 – Ramesh Rajan has been elected as the new CEO of PricewaterhouseCoopers’ India network of entities. His four year term begins immediately.

Ramesh, 49, is a partner with Lovelock & Lewes (one of the PwC network firms in India). Having been with the firm for three decades, Ramesh has served in different roles, the more recent one as leader of Automotive Practice in India.

“PricewaterhouseCoopers is positioned to become the distinctive professional services organisation in the country," said Ramesh. "Sustaining our success in today’s rapidly-changing economic, political and regulatory environment will require us to move with increasing speed and a high sensitivity to the risks in our businesses. We will continue to focus on strategic execution and consistent, quality performance in all our services to provide an enhanced value to our clients.”

“I remain convinced that this is the best of all times to be in our businesses,” Ramesh said. “The challenges are great. The future will be the province of those who rise to meet them with conviction, courage and with commitment.”