John Veihmeyer is to take over as KPMG US chairman and chief executive for a five-year term from 10 June. Veihmeyer, 54, succeeds Timothy Flynn who will focus full time on his role as chairman of KPMG International.
The 53-year-old Flynn took on the role as chairman of KPMG International’s new global executive team in January 2009.
Henry Keizer, 53, will assume the deputy chairman and chief operating officer’s role for five years.
The election of Veihmeyer and Keizer was ratified by KPMG’s partnership on 19 March.
Veihmeyer has served as deputy chairman of KPMG US since 2005, chief executive since late 2008 and chairman of the Americas region since 2007.
Keizer most recently served as global head of audit for KPMG International and has been US audit vice chair since 2005. He currently serves on the board of the American Institute of Certified Public Accountants.
“John and Henry have played invaluable roles in raising the bar on providing quality service to our clients and making KPMG an employer of choice,” Flynn said.
“I look forward to working closely with them in my continuing role as chairman of KPMG International.”
KPMG is the fourth-largest fee earning firm in the US with total fee income of $5.01bn to 30 September 2009, according to last month’s International Accounting Bulletin’s US survey.