Curated News
By: NewsRamp Editorial Staff
June 03, 2025
Grant Thornton Names Rick Surett as New CFO to Drive Expansion
TLDR
- Grant Thornton appoints Rick Surett as CFO, leveraging his 30 years of experience to drive value and expand its multinational platform across Europe and the Middle East.
- Rick Surett steps into the CFO role at Grant Thornton on June 2, bringing expertise from private equity, public markets, and complex capital structures to enhance financial strategy.
- Grant Thornton's appointment of Rick Surett as CFO aims to strengthen financial strategies, supporting the firm's growth and fostering a culture of innovation and cross-border collaboration.
- Rick Surett, with a background in improving operational efficiency at Transportation Equipment Network, joins Grant Thornton as CFO to continue its legacy of innovation and growth.
Impact - Why it Matters
This news is significant as it highlights a key leadership transition at Grant Thornton, a major player in the professional services sector. The appointment of Rick Surett as CFO is expected to influence the firm's strategic direction, especially in its expansion efforts across Europe and the Middle East. For clients and professionals within the industry, this signals Grant Thornton's commitment to innovation and growth, potentially offering enhanced services and opportunities. The move also reflects the firm's dedication to maintaining a strong leadership team to navigate the complexities of global markets.
Summary
Grant Thornton, a leading provider of audit, assurance, tax, and advisory services in America, has announced the appointment of Rick Surett as its new chief financial officer (CFO), succeeding Muhammad Bhayat who is retiring after over two decades of service. Surett, who officially assumes the role on June 2, brings nearly 30 years of financial leadership experience from roles at Transportation Equipment Network, Ports America, and Avaya. His appointment is seen as a strategic move to bolster Grant Thornton's financial strategy and support its expansion across Europe and the Middle East. CEO Jim Peko praised Surett's fresh perspective and Bhayat's foundational contributions to the firm.
Surett's background includes significant achievements in improving operational efficiency and scalability, making him a valuable asset for Grant Thornton's continued growth and innovation. The firm, which operates through Grant Thornton LLP and Grant Thornton Advisors LLC, has recently expanded its multinational platform to include Ireland and the UAE, enhancing its service offerings with a team of nearly 13,000 professionals. This strategic expansion and leadership transition underscore Grant Thornton's commitment to delivering exceptional client experiences and fostering a culture of professional growth.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Grant Thornton Names Rick Surett as New CFO to Drive Expansion
