Sustainability advisory firm ERM announced the appointment of former Accenture Senior Managing Director Bill Theofilou to the position of Executive Chair.

Theofilou founded and headed Axia, a U.S.-based strategy consulting company, until its acquisition by Accenture in 2015. He then worked for eight years in the role of Senior Managing Director, leading Accenture’s global CEO advisory practice.

Theofilou also serves on the boards of Twoday, a leading European digital transformation consultancy, Akumin, a large-scale US advanced imaging services company, and Precision Medicine Group and Dyania Health, both renowned organizations in healthcare and artificial intelligence.

ERM CEO Tom Reichert said:

“Bill is a highly respected advisor to CEOs and boards, with a rare combination of strategic insight and practical experience in growing and increasing impact of professional services organizations. As our clients navigate increasingly complex regulatory and transformation challenges, Bill’s perspective will be an enormous asset to ERM and to those we serve.”

In his new role, Theofilou will work together with ERM’s board, executive leadership team and help shape ERM’s strategic direction and support the company’s growth initiatives and continued development.

Theofilou said:

“ERM’s reputation and leadership in sustainability are unmatched, and this is an exciting moment to join the firm. As sustainability becomes more deeply embedded in business strategy and execution, organizations are seeking advice that connects ambition with real-world delivery. I look forward to working with Tom, the Board and ERM’s global experts to further strengthen the firm’s position as the preeminent sustainability partner to the world’s leading organizations.”

Leading global investment firm KKR, which acquired a majority stake in ERM in 2021, also endorsed the hiring of Thoefilou.

KKR Managing Director and Head of Europe for Global Impact Rami Bibi said:

“We are delighted to welcome Bill as Executive Chair of ERM. His experience advising boards and executive teams at pivotal moments of change will be invaluable as ERM continues to scale and evolve. We are long-term believers in ERM’s growth story and look forward to working with Bill as the firm enters its next phase.”