Former PwC Australia acting CEO Kristin Stubbins to leave firm
The woman who led PwC Australia through the darkest days of its tax leaks scandal will leave in January after three decades at the big four consulting firm.
Kristin Stubbins was elevated to acting chief executive of PwC Australia in mid-May, replacing then-CEO Tom Seymour who stepped down after telling partners he had been one of dozens of partners who received emails related to confidential Treasury information obtained by a former partner at the firm.
Former PwC acting chief executive Kristin Stubbins testified at the ongoing NSW parliamentary inquiry into consultants in June. Edwina Pickles
Ms Stubbins held the acting CEO position for three months, and in that time she had to repeatedly apologise for the scandal, move on a number of partners, commission reports into what went wrong and organise the fire sale of the firm’s public sector consulting arm.
In June, it was announced that she would be replaced by UK partner Kevin Burrowes, who was parachuted into the CEO role after PwC global took effective control of the local firm in response to the scandal.
Ms Stubbins will leave at the end of January. She is the firm’s most senior auditor, a former managing partner of its all-important assurance division and the signing partner of the flagship Macquarie Bank audit.
In a statement on LinkedIn, Ms Stubbins said she would spend more time with her husband and daughter before moving on to the next phase of her career.
She said the past six months had been challenging, but she felt she had made “the decisions that needed to be made including holding people accountable for their actions, protecting people who needed protection” and implementing changes that would help the firm reform.
Ms Stubbins also reflected on her decades
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