Global auditing and advisory firm KPMG International has elevated John B Veihmeyer as its global chairman. Veihmeyer succeeds Michael Andrew, who is retiring after serving as global chairman since May 2011.
Andrew has recently been diagnosed with a serious medical condition and will focus on his treatment and recovery while he will continue his work as co-chair of the Australian B20 Working Group on anti-corruption.
Veihmeyer currently serves as chairman and CEO of KPMG's US firm, and will continue in those roles as he takes as the global chairman. He received the unanimous support of the board and his selection is expected to be ratified at the March meeting of senior partners from KPMG's network of firms around the world. Veihmeyer will continue to be based in New York.
Veihmeyer, who began his career with KPMG and also serves as a board member of the US-India Business Council, said, “My focus will be continuing to strengthen our global reputation for quality and professionalism, as well as our status as one of the world's great places to work and build a career.”
Veihmeyer has served as chairman and CEO of KPMG's firm in the US since 2010. He also currently serves as chairman of KPMG's Americas region, a position from which he will step down upon becoming global chairman. He is a member of KPMG's global executive team, and has previously held numerous other leadership roles at KPMG, including as deputy US chairman; managing partner of KPMG's Washington, DC operations; and global head of risk management and regulatory unit.
He holds a graduate degree from the University of Notre Dame.
KPMG, one of the Big Four, is a global network of firms providing professional services. The company has presence in 155 countries and has around 155,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity, and describes itself as such.
(Edited by Joby Puthuparampil Johnson)