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EY split plans won’t come back any time soon

Firm’s leaders still sought a split but EY is now focused on damage repair

Global CEO Carmine Di Sibio said the 'overwhelming majority' of partners backed a breakup, but the professional services giant is in a period of reflection

Kyle Grillot/Getty Images
By
Jean Eaglesham,
Mark Maurer and
Alexander Saeedy

When EY dropped its breakup plan, the firm’s executives said they remained committed to achieving the split. Since then, it has become clear that the effort is dead, at least for the next few years, according to internal webcasts and people familiar with the matter.

Leaders of EY’s dominant US and UK operations are focused on repairing the damage from the 18-month effort to split the firm’s auditing and consulting operations, known as Project Everest.

“My...