PKF International appoints
Hofmann as chair

 Wolfgang Hofmann has been appointed as the next chairman
of PKF International at a recent board of directors meeting in
Buenos Aires, Argentina. He will succeed Steffen Johansen at the
start of next year.

Hofmann has been a partner at PKF Germany at its Frankfurt/Main
office since 1986. Previously, he worked for a large international
professional services firm that was part of the Big Eight. Hofmann
has been European chairman of the mid-tier network since 2000 and
the main focus of his work is the support of international and
capital market oriented enterprises, in addition to consulting on
mergers and acquisitions.

Hofmann, whose appointment was unanimous, said: “We continue to
move PKF forward in the rapidly changing international consultancy
market.” He said quality-oriented organic growth and openness to
opportunities will be used to position PKF as a powerful
alternative to other large international accounting and consulting
groups.

Copenhagen-based Johansen will step down from the position, having
been international chairman since 2000. Under his leadership the
network expanded globally and particularly in the North American
market. In the seven years of his chairmanship, the PKF North
American network grew by 90 offices.

PKF Germany employs about 1,000 staff, including 320 professionals.
It generated revenues of €85.4 million ($123 million) for the
financial year ended 2006. In this year’s IAB Germany survey, PKF
was the ninth-largest accounting group overall.

Globally, PKF has more than 14,500 employees, and provides
auditing, tax and transaction services in 119 countries. PKF’s
clients include SMEs, capital market-oriented groups and the public
sector.