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April 30, 2008

PKF International appoints Hofmann as chair

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.

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