EY

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About

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services EY delivers help build trust and confidence in the capital markets and in economies the world over. EY develops outstanding leaders who team to deliver on its promises to all of its stakeholders.

Carmine Di Sibio
Global Chairman and CEO
Carmine Di Sibio
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Andy Baldwin
Global Managing Partner, Client Service
Steve Krouskos
Global Managing Partner, Business Enablement
Trent H Henry
Global Vice Chair, Talent
Jay Nibbe
Global Vice Chair, Markets
Hank Prybylski
EY Global Vice Chair, Transformation
Nicola Morini Bianzino
Global Chief Technology Officer
Marie-Laure Delarue
Global Vice Chair, Assurance
Errol Gardner
Global Vice Chair, Consulting
Kate J. Barton
Global Vice Chair, Tax
Andrea Guerzoni
Global Vice Chair, Strategy and Transactions
Kelly Grier
US Chair, Managing Partner & Americas Managing Partner
Patrick Winter
Area Managing Partner, APAC
Julie Linn Teigland
EMEIA Area Managing Partner & EY Global Leader Women. Fast Forward
Alice Chan
Chair, EY Global Accounts Committee

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Team announcement

EY announces Andy Park as new Los Angeles Office Managing Partner

EY announces Andy Park as new Los Angeles Office Managing Partner

Ernst & Young LLP (EY US) has appointed Tax Partner Andy Park to serve as Los Angeles Office Managing Partner, effective July 1. Park succeeds Patrick Niemann, who has assumed a new leadership role with the EY Center for Board Matters after a decade as Los Angeles Office Managing Partner. As Los Angeles Office Managing Partner, Park is responsible for leading 2,300 professionals while continuing to drive growth and advancing the firm's inclusive, people-focused culture. The EY Los Angeles office, which celebrated its centennial anniversary in 2020 and was recently redesigned to foster more flexibility and collaboration, will be overseen by Park. Frank Mahoney, EY US-West Regional Managing Partner, says: "Andy has deep roots in, and a passion for, the Los Angeles office and community. He has demonstrated this passion, along with strong technical experience, an entrepreneurial and innovative spirit and a commitment to teaming throughout his EY career. I am confident that Andy will excel in leading this dynamic office and market as we emerge from the pandemic and are at the forefront of both operating in and advising clients in our new working world." Park began his career at EY US 17 years ago as a tax intern, and after earning his master's degree from the University of Washington, joined EY in 2005. Most recently, he served as Tax Account Leader in the EY Private Client Services practice, advising high-growth, pre-IPO companies across a wide range of industries. Park is passionate about entrepreneurship and is co-director of the EY Entrepreneur Of The Year® Greater Los Angeles program. Now in its 35th year, the EY Entrepreneur Of The Year program honors business leaders whose ambition, courage and ingenuity help transform the world. "I am incredibly honored to serve our EY professionals, our clients and community as the Greater Los Angeles Office Managing Partner," said Park. "This is a phenomenal opportunity to lead an inspiring and talented group of professionals as we help clients navigate this new working world. Under Pat Niemann's leadership over the past decade, our Los Angeles practice has reached new heights as the premier professional services organization in the greater LA market, and I'm committed to building on his remarkable legacy and success." The son of Korean immigrants, Park is the first in his family to attend college. He is an active member of the EY Pan-Asian Professional Network, serves as an EY Counseling Family Leader and is on the Board of Girl Scouts of Greater Los Angeles. He lives in Palos Verdes with his wife, daughter and new puppy. About EY EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com. This news release has been issued by Ernst & Young LLP, a member firm of EY serving clients in the US. About Ernst & Young LLP's Los Angeles practice Ernst & Young LLP has nearly 2,300 people in its Greater Los Angeles offices who serve 40% of the Fortune 1000 companies and 31% of the Russell 3000 in LA. Our LA office professionals work with a diverse client base of innovative and entrepreneurial companies spanning the consumer products, engineering and construction, financial services, healthcare, life sciences, manufacturing, media & entertainment, private equity, real estate, retail and technology industries. EY also recognizes entrepreneurs globally and locally through EY Entrepreneur Of The Year®, the world's most prestigious business award for entrepreneurs. SOURCE EY

Other announcement

More than half of employees globally would quit their jobs if not provided post-pandemic flexibility, EY survey finds

More than half (54%) of employees surveyed from around the world would consider leaving their job post-COVID-19 pandemic if they are not afforded some form of flexibility in where and when they work, according to the EY 2021 Work Reimagined Employee Survey. The survey – one of the largest global surveys of its kind – canvassed the views of more than 16,000 employees across 16 countries and multiple industries and job roles. It explores employee attitudes and experiences to work throughout the pandemic and into the "next normal". Flexibility The survey finds that nine in ten employees want flexibility in where and when they work. Given the choice, more than half of employee respondents (54%) would choose flexibility in when they work. By comparison, 40% want flexibility in where they work. On average, employees would want to work between two and three days remotely after the pandemic. When pandemic restrictions ease in their countries, 22% would prefer to work full time in the office, with 33% of employee respondents saying they want a shorter working week altogether. More than half (67%) believe their productivity can be accurately measured irrespective of location. Job retention The job roles most likely to move jobs include managers/leaders, those with technology or finance roles, and caregivers. Those most likely to stay in their current roles include baby boomers, individuals with 10+ years of tenure, and those in government or education roles. Attitudes to job retention differ by age, with millennials twice as likely as baby boomers to quit. Despite the apparent willingness to move jobs for more flexible working arrangements, most employee respondents (76%) say they are satisfied with their jobs, and almost all (93%) say they plan to stay in their current roles for the following 12 months. Liz Fealy, EY Global People Advisory Services Deputy Leader and EY Global Workforce Advisory and Solutions Leader, says: "Employees' willingness to change jobs in the current economic environment is a game-changer. The COVID-19 pandemic has shown that flexibility can work for both employees and employers, and flexible working is the new currency for attracting and retaining top talent. Employers who want to keep the best people now and in the next normal will need to put flexible working front and center of their talent strategy." Remote working and organizational culture The survey also canvassed attitudes to existing work practices, with employee respondents broadly positive about the impact of remote working. Almost half (48%) say their organizational culture has changed and improved during the course of the COVID-19 pandemic, while only 31% believe it has worsened. Health and safety The survey also explored employee respondents' views on the COVID-19 vaccine and found that 61% want their company to make vaccination a pre-requisite for working from the office. Attitudes toward vaccinations vary between geographies, with 66% of respondents in South America agreeing that companies should require vaccination of all employees, compared with a comparative low of 52% in EMEIA. Work from anywhere requires increased technology investments The prospect of increasingly widespread flexible working is leading to more demands for technology, both on-site and in the home office. Sixty-four percent of respondents say they want better technology in the office (e.g. faster internet and videoconferencing), almost half (48%) say they want companies to upgrade at-home hardware (e.g. extra monitors and headsets), and almost the same proportion (47%) would like re-imbursement for high-speed internet/phone expenses. However, despite the shift toward new ways of working and the rapid adoption of virtual meeting technology, 67% would like to travel for business moderately to extensively after the COVID-19 pandemic, an increase from 49% in the previous survey, which was conducted in 2020. Roselyn Feinsod, Principal, People Advisory Services, Ernst & Young LLC, says: "Organizational culture has historically been built based on shared in-person experiences and it is fascinating to see that the new ways of working have improved such culture in the eyes of many employees. As we look toward the longer-term and organizations continue to transform their operations, employers will need to consistently re-assess conceptions of productivity and the impact on their cultures, ensuring their team's approach is optimized for the in-person, hybrid and digital work experience." About EY EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com. This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

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