US KPMG chief Tim Flynn has been elected chairman of KPMG International, the
global network said in a statement today.
Flynn’s appointment is a surprise, with some having predicted that German
KPMG head Rolf Nonnenmacher would get the top job.
Flynn takes over from the UK’s Mike Rake, who is moving to chair BT.
Flynn, 50, was elected unanimously by the KPMG International Board and
Council, the network said. He is a 28-year veteran of KPMG and has been a
partner since 1988. He has headed the US firm since 2005.
The chairman’s role at KPMG has in the recent past alternated between a US
senior partner and one from the rest of the world. However, given the US firm’s
tax issues and Flynn’s relatively recent appointment as head of the US firm, it
had been thought a candidate from outside the US would chair the global network
after Rake’s departure.
Flynn said: ‘I am honored to be elected chairman of KPMG International and I
look forward to building on the achievements attained by Mike Rake – as well as
addressing the challenges we face in this extraordinary time of continued change
for the accounting profession. Mike has an enviable record at KPMG, as both
senior partner in the UK firm and chairman of KPMG International.’
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