Griffith-Jones gets nod for KPMG top job
Current KPMG chief executive the only name going forward to partners, with 75% acceptance rate needed to secure job
John Griffith-Jones looks set to replace Mike Rake as senior partner of KPMG.
The firm’s chief executive is understood to be the only name going forward to
the final round of voting in the contest to replace Rake, who steps down as UK
senior partner in September.
The Big Four firm’s 500 or so partners were sent an e-mail today proposing
the name, and will have two weeks to vote.
Griffith-Jones, 51, needs to secure a 75% acceptance rate to take over Rake’s
job, and has long been regarded as the front runner. He joined the firm in 1975
and rose up through audit and corporate finance ranks to become CEO four years
ago.
The fact that he is the only name comes as a surprise, however, as Rake had
himself indicated that there were several possibilities.
The decision to put only Griffith-Jones’ name forward follows a long process
of discussion inside the firm.
Rake is to stay on as international chairman.