Multiple sources in the US are claiming that  Lynne Doughtie, Chair and CEO of KPMG US and a member of KPMG’s Global Board and Executive Committee will not be seeking a second term in office.

From 2011 to 2015, she served as vice chair of KPMG’s Advisory business, establishing Advisory as the firm’s fastest growing business. Doughtie began her career in KPMG’s Audit practice in 1985. She became CEO in July 2015 and was the first woman to lead the US firm.

In a written statement, KPMG US said: “Lynne will work with the Board on succession and she is committed to a smooth transition after her successor is elected. We appreciate Lynne’s leadership that has driven positive outcomes for the firm in quality, culture, inclusion & diversity, innovation and growth.”