KPMG UK confirms governance changes and chief executive appointment process

KPMG UK has confirmed that it will split the role of chair and chief executive to bring it in line with industry practice and has announced that it will hold an election process for the chief executive position

In order to provide ongoing continuity, Bina Mehta will remain in post as chair of KPMG’s UK Board for the next 12 months. In this non-executive role, Mehta will oversee the election process to appoint a chief executive, who is responsible for the day-to-day running of KPMG’s UK business.

The change of leadership at the Big Four firm follows the resignation of Bill Michael as chair earlier this month following the fallout from a meeting with the consulting team where Michael was criticised for his handling of complaints about the impact of lockdown on team members.

The election process will begin this month and conclude by the end of April. The elected chief executive will serve until the end of September 2025.

During the election period, Mary O’Connor, head of clients and markets will remain in role as interim chief executive.

Bina Mehta, UK chair of KPMG said: ‘The Board has acted to ensure we continue to provide clear, long-term leadership for the firm as we deliver the next stage of our growth strategy and support our clients as the country emerges from the pandemic.

‘During the appointment process, Mary will continue to lead the firm on an interim basis. She is doing a tremendous job leading the firm during what has been a challenging period.’

Sara White |Editor, Accountancy Daily, published by Croner-i

Sara White is editor of Accountancy Daily, published by Croner-i, and in...

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