PwC Australia sells government business, appoints new CEO

PwC Australia has appointed Kevin Burrowes as its new CEO.
PwC Australia will focus on improving the culture and implementing recommendations from an upcoming independent review.
PwC Australia has confirmed the sale of its government business to Allegro Funds for $1.
The deal will create two independent firms and see PwC Australia exit completely from all government advisory work.
Around 1750 PwC Australia staffers will become Allegro employees.