KPMG announced that it had elected Paul Knopp as the next CEO along with Laura Newinski as the vice-chair for the company. Knopp will be playing the role of CEO from July 2020 when he succeeds in the present CEO Lynne Doughtie. Nowinski will also succeed in the current Vice-Chairman P Scott Ozanus, who will retire from the company towards the end of 2020.
Knopp is the new CEO-Elect of KPMG
Knopp Joined KPMG in 1983 and had handled a variety of roles in leading the audits at the world’s top companies. He has also led the KPMG’s most intricate and crucial global audit projects. Knopp has also served as the lead director of the KPMG board of directors. Knopp is an alumnus of the University of Texas in Austin, USA.
Knopp Expresses about his new role
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Knopp Issues a statement in which he said,
“I am honored by this opportunity to serve KPMG at this pivotal time in our firm’s history. We have a tremendous opportunity to bring value to our various stakeholders through our one-firm approach during these transformative times.”
Current CEO talked about the incoming CEO
Current CEO Daughtie also expressed his views on the appointment of CEO elect Paul Knopp. He said,
” Paul’s deep understanding of our business, proven track record serving clients undergoing complex change, and strong leadership skills make him the ideal choice to lead the firm,”
“I have had the pleasure of working closely with him for many years. I can attest to his values-based leadership. Laura is a proven leader who has a long and successful track record driving operational excellence, transformative change, and growth for the firm.”
Bill Thomas, the Global Chairman Welcomes Laura and Paul in the new roles
Bill Thomas, the Global Charman of KPMG International, welcomed Both Paul and Laura in their new positions. He said in s statement that
“Paul and Laura will be an excellent and dynamic leadership team who throughout their careers at KPMG have been at the forefront of leading with purpose and living our values,”
He added, “Over the past five years, the U.S. firm has invested alongside member firms throughout our global network in strategic areas like technology and innovation, executed effectively against our collective strategy, and focused on audit quality. Lynne and Scott have exemplified professionalism as leaders of KPMG and our industry throughout their inspiring careers and have positioned our U.S. firm well for the future.”