Bob Moritz Selected as PricewaterhouseCoopers' U.S. Chairman and Senior Partner

U.S. Assurance Leader will assume leadership of the U.S. firm July 1

NEW YORK, June 10 /PRNewswire/ -- PricewaterhouseCoopers LLP today announced
that Robert E. Moritz has been elected as the firm's U.S. Chairman and Senior
Partner for a four-year term beginning July 1. Mr. Moritz will succeed Dennis
M. Nally, who will begin a four-year term as Global Chairman of the
PricewaterhouseCoopers Network next month. Mr. Nally has served as the U.S.
Chairman and Senior Partner since 2002.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090610/NY30424 )

Mr. Moritz has held a number of leadership positions at PwC. Since 2006, Mr.
Moritz has led the firm's Assurance business, which provides audit, assurance
and accounting expertise, and he serves as a member of the U.S. firm's
leadership team and the global assurance leadership team. He previously served
as managing partner of PwC's New York office and the metro region and led the
firm's U.S. financial services practice. He joined PwC in New York in 1985.

Mr. Moritz has extensive experience serving large multinational clients in a
variety of industries, principally focusing on the banking, capital markets,
insurance, investment management and real estate sectors. He also served on a
three-year assignment with PwC's Japan firm where he provided audit and
advisory services to European and U.S.-based financial services organizations
operating in Japan. He is a member of the American Institute of CPAs, and the
New York and New Jersey State Societies of CPAs. Mr. Moritz received a B.S.
degree in business administration from SUNY-Oswego in 1985.

Commenting on his election, Mr. Moritz said, "I am honored to have been chosen
by my partners to lead our firm through these challenging times. I know that
our firm's commitment to delivering outstanding service to our clients, as
well as our commitments to our people, and to responsible leadership will be
the keys for sustainable growth in this difficult period."

Mr. Nally praised the election of Mr. Moritz. "Bob Moritz has been an
important part of the firm's U.S. leadership for several years, and has made
invaluable contributions as our Assurance leader. I know that he has the depth
and breadth of experience needed to be an outstanding leader for the U.S.
firm, and I look forward to continuing to work closely with him as we take
PricewaterhouseCoopers in the United States and our global network to greater
success for our people and for our clients."

Notes to Editors

PricewaterhouseCoopers provides industry-focused assurance, tax and advisory
services to build public trust and enhance value for its clients and their
stakeholders. More than 155,000 people in 153 countries across our network
share their thinking, experience and solutions to develop fresh perspectives
and practical advice.

"PricewaterhouseCoopers" refers to the network of member firms of
PricewaterhouseCoopers International Limited, each of which is a separate and
independent legal entity.

SOURCE PricewaterhouseCoopers LLP

David L. Nestor, +1-646-471-4855, david.nestor@us.pwc.com, or Kelly M. Howard,
+1-646-471-2111, kelly.m.howard@us.pwc.com, both of PricewaterhouseCoopers
LLP