RegulationCorporate GovernanceDuo in race for Rake’s role

Duo in race for Rake's role

Sir Mike Rake’s appointment as BT’s next chairman has sparked a two-horse race to succeed him at KPMG

German KPMG boss, Professor Rolf Nonnenmacher, is one contender. His profile
rose following the proposed merger of the German firm with its UK counterpart,
and his appointment would be an endorsement of global integration moves.

Tim Flynn, chairman of the US firm, is also in the race. The global
leadership of the firm has, in the recent past, alternated between a US chief
and one from outside the US. KPMG said this week: ‘An announcement will be made
by the board of KPMG International later in
the year.’

Sir Mike takes over at BT in September.

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