KPMG UK has recently informed that the chair and chief executive roles will be split and and the CEO role will be up for an election.
The firm further added that Bina Mehta would continue as the non-executive chair for the coming twelve months of the UK board. She will be responsible for the election process of the CEO position. The election will begin in February and is expected to be concluded by the end of April, as planned by the firm.
The chief executive, who will be elected, will remain in his role till September of the year 2025. Head of clients and markets – Mary O’Connor to continue as chief executive officer during the election.
According to Reuters, “Mehta and O’Connor were appointed to the temporary positions earlier this month when former UK chair Bill Michael resigned after an investigation was launched into reported comments to staff that they should “stop moaning” about the impact of the COVID-19 pandemic on their lives.”
KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world.
KPMG LLP is a UK limited liability partnership that operates from 21 offices across the UK with approximately 16,000 partners and staff. The UK firm recorded a revenue of £2.3 billion in the year ended 30 September 2020.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.