Press Release
New leadership appointments in Grant Thornton Armenia
02 Feb 2020
Year 2020 starts for Grant Thornton Armenia with changes in the governance and organizational structure that will serve to bring the firm’s new strategy and bold vision to life.
In January 2020 Grant Thornton Armenia* has formed a unified Board of Governors and Gagik Gyulbudaghyan has been elected as the Chairman of the Board. Armen Hovhannisyan has been appointed as the CEO of “Grant Thornton” CJSC, Gurgen Hakobyan and Hakob Tadevosyan have been re-appointed as the CEOs of “Grant Thornton Consulting” CJSC and “Grant Thornton Legal & Tax” LLC respectively.
Gagik Gyulbudaghyan has held different leadership positions with Grant Thornton’s Armenian member firm for over 20 years and is currently also member of Grant Thornton International’s Board of Governors.
“In the recent years our firm has been recording steady growth, and what is even more important, it has been a period of qualitative development and new heights. We continuously invest in design of new services and in enriching the expertise of our team, we work across new countries and markets. This is truly very exciting, but it also calls for a new governance structure that will enable our bold projects. Grant Thornton Armenia is entering into an interesting phase and I am confident that under Armen Hovhannisyan’s leadership our audit firm will achieve new milestones”, comments Gagik Gyulbudaghyan.
Armen Hovhannisyan is one of the leading experts in the area of audit and accounting of financial organizations, who has led Grant Thornton Armenia’s respective department since 2001, serving also as the Chief Financial Officer of the firm.
“A significant part of my career path has evolved with Grant Thornton, from the times when the concept of “audit” was being introduced in Armenia, to establishment of this industry, the development of which is still underway. There have been recent amendments in legislation and the audit market landscape continues to change. We have planned some very interesting initiatives that we will unveil soon. I would like to emphasize, that along with exciting developments, we remain true to our approach – providing exceptional experience to our clients, based on principles of independence, trust and quality”, comments Armen Hovhannisyan.
* “Grant Thornton Armenia” is referred collectively to 3 firms providing audit, advisory, tax and legal services on the Armenian market. Audit services are provided by “Grant Thornton” CJSC, advisory services are provided by “Grant Thornton Consulting” CJSC, legal, tax advisory, as well as outsource accounting services are provided by “Grant Thornton Legal & Tax” LLC.
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