Press release

14 Apr 2023 London, GB

EY update on Everest

Last year EY set out a strong and compelling rationale for the future of our organization, which would address the changing needs of clients, our industry and other stakeholders.

Press contact
Rachel Lloyd

Director, Media Relations and Social Media, Ernst & Young LLP

Strategic communications professional. Passionate about technology and tracking where social media is headed. Enjoys paddle boarding and learning to surf. Mother to a son and a daughter.

Last year EY set out a strong and compelling rationale for the future of our organization, which would address the changing needs of clients, our industry and other stakeholders. While we remain committed to that vision and those goals, we are stopping work on Project Everest, which set out to separate the EY businesses.

We have always acknowledged the complexity of this ambition, but recognizing the challenges raised in recent months we are now unable to proceed. 

In the immediate term, we will continue the focus on providing exceptional service to clients, and driving long term value for our people and businesses. We will also take actions based on what we have learned over the past year.