Biography
Ed Kangas
Non-Executive Chair
Deutsche Bank USA
Edward A. (Ed) Kangas is the former global chair and CEO of Deloitte, a $32 billion professional services firm. Today he serves as chair of the board at Deutsche Bank USA Corp. He is also a member of the boards of directors of Intelsat SA ($3 billion revenues; world’s largest satellite communications fleet), Hovnanian Enterprises Inc. ($2 billion national homebuilder), and Vivus Inc.
He served on the board of Tenet Healthcare from 23 until 219 and led the board in the rescue, restructuring, and turnaround of Tenet Healthcare including improving Tenet’s ISS governance ranking to the top 5% of the S&P 5.
He served until 218 as non-executive chair at United Technologies Corporation ($7 billion; Pratt & Whitney Jet Engines, Sikorsky Helicopters, Carrier Air Conditioning, Otis Elevator, Goodrich, Hamilton Sundstrand, UTC Fire and Security).
From 24 to 28, he served on the board of EDS ($24 billion – NYSE) and was lead director at the time of the sale of EDS to Hewlett Packard. From 21 to 212 he served on the board of AllScripts, ($2 billion; healthcare electronic records software – NASDAQ).
Ed was recognized as Outstanding Director of the Year in 27 for his role at Tenet and EDS. He has four times been named to the Directorship 1; a list of the 1 most important players in corporate governance in the United States. He was recently inducted into the National Association of Corporate Directors Hall of Fame.
Ed retired from Deloitte in 2, having served as global chair and CEO since 1989. In that position he designed and led the integration of a worldwide firm that today has revenue of $32 billion and more than 195, people in 1 countries. From 1989 to 1994, he also served as Managing Partner of Deloitte & Touche USA. Earlier in his career, he was the leader of what is now Deloitte Consulting. His career with the firm spanned 33 years and he is recognized as a chief architect of the 1989 global combination which created Deloitte & Touche.
He also has experience working with private equity firms and their portfolio companies. He is a senior advisor to BC Partners, one of the largest European private equity firms and is a board member of their portfolio company, MultiPlan, the largest healthcare PPO in the United States.
Ed is also a board member of Expert Global Services, a $2 billion CRM and revenue cycle management company owned by One Equity Partners (OEP), the private equity arm of JPMorgan Chase. From 24 to 27, he was also chair of the Board of Oncology Therapeutics Network (OTN) ($4 billion specialty pharmaceutical distributor owned by OEP). As chair of the board of OTN, he worked with OEP in the roll up of Bristol Myers’ and Cardinal’s oncology businesses and the ultimate sale of the integrated company to McKesson.
He is a trustee of the Committee for Economic Development (Washington, DC based public policy group), and vice chair of The Norwalk Hospital in Fairfield County, Connecticut. He is also past chair of the National board of the Multiple Sclerosis Society ($25 million health agency).
Ed holds bachelors and masters degrees in business from the University of Kansas where he was recognized with the University’s Distinguished Alumni Award in 2. He is a certified public accountant, is married, and lives in New Canaan, Connecticut.