Grant Thornton International Ltd (GTIL) today said it has named Peter Bodin as its new group chief executive who will assume the role with effect from January 1, 2018.

Bodin, 51, the former CEO of Grant Thornton Sweden, will assume the role with effect from January 1, 2018 for a five-year term, succeeding Ed Nusbaum who will retire at the end of this year after eight years as CEO of GTIL.

“My role will be to create an environment that allows Grant Thornton people and firms to collaborate, not just with each other but with clients and other stakeholders, to grow into the world’s best professional services organisation,” Bodin said.

He received unanimous support from the board, including CEOs of Grant Thornton member firms from 14 countries and two independent directors following a selection process carried out with the support of external experts, a company release said. “After a smooth transition he will continue the journey to execute our Growing Together 2020 strategy and continue to build an exciting future for this great organisation,” Nusbaum said.

Bodin was the CEO of Grant Thornton Sweden for 16 years and during this time, he also spent five years as chairman of the board.

Grant Thornton is one of the world’s leading professional services networks with 47,000 people at member firms in over 130 countries.