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.
