KPMG appoints new US CEO

KPMG has named John Veihmeyer as the new CEO of its US member firm, KPMG, as
Timothy Flynn assumes the role of chairman of KPMG International’s newly formed
global executive team.

Flynn will remain chairman of both KPMG and KPMG International, but Veihmeyer
will now oversee day-to-day operations of the firm in the US, as Flynn takes on
more of an international role in helping clients cope with the global financial
crisis, WebCPA reported.

Veihmeyer has been deputy chairman of KPMG LLP since 2005 and chairman of the
Americas region for KPMG International since 2007.

‘I’m privileged to be assuming these increased responsibilities as Tim and I
continue to lead the U.S. firm together,’ he said in a statement.

‘The external environment has clearly redefined the landscape, presenting
KPMG with a unique opportunity to work closely with clients as they deal with
increasingly complex financial reporting requirements.”

names new US CEO

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