USG Corp. announced that the Audit Committee of the Board of Directors, after careful consideration, has selected Deloitte & Touche LLP to replace Arthur Andersen LLP as its independent public accountant. The selection follows a thorough review process in which USG solicited proposals from several leading accounting firms amid growing concern about the impact of recent events on Andersen's ability to continue to meet USG's requirements.
"This decision should not be viewed as a reflection on the quality of the work performed by Andersen, as they have served us well for nearly 80 years," said USG Corporation Chairman, President and CEO, William C. Foote.
"We are pleased with the selection of Deloitte & Touche to serve as USG's auditor and are confident that the firm will provide USG and its shareholders with outstanding service. Their focus on quality and commitment to customer service is consistent with our own values," Foote added.