Hank Steininger, managing principal for Grant Thornton‘s global public sector business, will retire from the company after an 18-year career, effective Aug. 1.
The company said Monday that Srikant Sastry, current head of the global public sector advisory line, will succeed Steininger.
Sastry was also recently appointed chairman of the public sector strategy group, which focuses on expanding the firm’s global footprint in public sector markets.
He helped expand the sector’s cost and performance management group, Chief Operating Officer Lou Grabowsky said in the announcement.
Previously, Sastry led cost management, budget and performance measurement projects for the departments of Agriculture, Commerce, Energy, Interior, Labor Transportation and Treasury.
He also led similar projects for the Federal Deposit Insurance Corporation, Postal Service and International Monetary Fund.
Before joining Grant Thornton, he served in leadership roles for public sector cost and performance management practices at IBM and PricewaterhouseCoopers.
He started his career by working budget formulation and cost management capacities for the Environmental Protection Agency, Internal Revenue Service and the Office of Management and Budget.
Sastry also serves as chairman of the board of directors for the Consortium of Advanced Management-International, a not-for-profit collaborative in the field of cost, process and performance management.