Pope Hires Ex-Deloitte CEO as Auditor in Vatican Bank Clean-Up

 / Updated  / Source: Reuters
Image: Pope Francis celebrates mass during feast of Corpus Christi (Body of Christ) at St. Giovanni in Laterano Basilica in Rome
Pope Francis celebrates a mass during the feast of Corpus Christi (Body of Christ) at St. Giovanni in Laterano Basilica in Rome, Italy June 4, 2015. REUTERS/Max RossiMAX ROSSI / Reuters

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Image: This file photo shows the building which hosts the Vatican bank, formerly knows as the Institute for Religious Works, IOR, inside the Vatican.
The building that hosts the Vatican bank, formerly knows as the Institute for Religious Works.Domenico Stinellis / ASSOCIATED PRESS

VATICAN CITY - The Vatican appointed its first auditor-general on Friday in Pope Francis' latest move aimed at ensuring transparency in the scandal-plagued finances at the headquarters of the Roman Catholic Church.

A statement said the pope, who has made cleaning up finances a major plank of his papacy, had chosen Libero Milone, a 66-year-old Italian who is a former chairman and CEO of the global auditing firm Deloitte in Italy.

Cardinal George Pell, head of the Vatican's Secretariat for the Economy, has said the auditor-general will be autonomous, answerable only to the pope and free to "go anywhere and everywhere" in the Vatican to review the finances and management of any department.

RELATED: Holy Profit: Vatican Bank Rebounds From Past Scandals

Milone was born in the Netherlands and has experience working as an accountant in major firms in Britain, Italy, and the United States. He has also worked as an auditor for the Rome-based United Nations World Food Programme and major Italian companies such as car maker Fiat and the Wind telecoms group.

As a result of the clean up campaign, the Vatican bank – the Institute for Religious Works - which had been embroiled in numerous scandals in the past, has enacted a wide-ranging drive to tighten financial governance and eliminate abuse.

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