September 17, 2019

Ex-EY CEO Mark Weinberger Joined a Board

Since his last day as global chairman and CEO of EY on June 30, Mark Weinberger has probably spent a lot of time at home working on his tan and sitting in his favorite recliner, wearing just BVDs and a stained white undershirt, slamming Yuenglings. Maybe his wife finally got sick and tired of seeing his lazy ass at home all the time and told him, “Get out of the house and do something.” So Weinberger did and joined a board.

MetLife, Inc. today announced that Mark Weinberger has been elected to its board of directors, effective immediately.

Weinberger is former global chairman and chief executive officer (CEO) of EY, where he led the global professional services organization through a transformation centered on its purpose of Building a Better Working World. Under Weinberger’s leadership, EY successfully executed over 120 acquisitions to expand the organization’s digital and operational capabilities in cybersecurity, artificial intelligence and data. He also led investments in EY’s global delivery service centers and created a best-in-class employee experience, adding a net 100,000 employees during his tenure. Within the organization, Weinberger championed increasing diversity at all levels and creating an inclusive culture; as chairman, he helped reshape the company’s highest governing body to reflect the diversity of EY’s employees, clients and the communities in which EY operates. He held various leadership roles in his time with the organization.

Weinberger also has extensive government experience, including as Assistant Secretary of the U. S. Department of the Treasury in the administration of President George W. Bush. Weinberger was appointed by President William J. Clinton to serve on the U.S. Social Security Administration Advisory Board, and he also served as a member of President Donald J. Trump’s former Strategic Policy Forum and President Barack H. Obama’s Infrastructure Task Force.

This is the first public company board of directors Weinberger has joined since leaving the Black and Yellow. He is on the board of directors of the U.S. Business Roundtable, having served as chair of the tax and fiscal policy committee, and currently serving as chair of the audit committee. He is also on the board of FCLTGlobal, a nonprofit that focuses on long-term investing and corporate governance.

It’s not too surprising that joining a public company board was Marky Mark’s first gig after EY, as he’s following in the footsteps of other former Big 4 CEOs, including his predecessor at EY, Jim Turley.

It doesn’t look like Weinberger has been assigned to a committee yet, but it wouldn’t be a shock if he winds up on MetLife’s audit committee at some point. And no, EY is not MetLife’s auditor; Deloitte & Touche has been its auditor forever.

If all else fails, maybe the board will have the noob drive the MetLife Snoopy blimp at sporting events. Wave hi to Mark if you see him up in the sky.

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