New York-based KPMG (FY13 gross revenue of $6.1 billion) in the U.S. has elected Lynne Doughtie to serve as its next chairman and CEO, for a five-year term starting July 1. Doughtie currently leads KPMG’s advisory business, and has distinguished herself in numerous leadership positions since launching her career in the firm’s audit practice three decades ago.
“It is an honor to have the chance to lead KPMG at such a pivotal moment, when ensuring quality and confidence in the work we do has never been more important,” says Doughtie. “Our firm, our clients and the entire marketplace are looking at a future of unprecedented change and extraordinary opportunity, where ‘business-as-usual’ is going to mean constant innovation and transformation. I’m excited to team with our incredibly talented people, as we work closely with companies and other organizations to help them address their most complex challenges and opportunities.”
Doughtie will succeed John Veihmeyer, who has served as U.S. Chairman and CEO since 2010 and simultaneously as global chairman of KPMG International since February of 2014. When Veihmeyer became global chairman, he indicated that he would serve the remainder of his term as U.S. chairman and CEO through its close on June 30, 2015, before focusing exclusively on his international role. He will continue to be based in the U.S. as he leads KPMG globally.
“Lynne Doughtie is an incredibly innovative, thoughtful and inspiring leader, who has the exact qualities needed to lead our firm and our people in a time of increasing complexity and change,” says Veihmeyer. “She has been a key member of our management team during a period in which we have built a strong culture within KPMG, that promotes integrity, high performance, and diversity and inclusion, and I know Lynne will continue to champion these values. She has led our U.S. advisory practice to unprecedented levels of success and established it as KPMG’s fastest growing business. Lynne will be an extraordinary and inspiring leader for KPMG and our people. I’m also pleased that she will be joined by P. Scott Ozanus, who will continue in his role as deputy chairman and COO. Scott has been a true steward of the firm and has been instrumental in the development and execution of our strategy and the unprecedented growth the firm has experienced over the last several years.”
Doughtie joined KPMG’s audit practice in 1985 and went on to serve in a number of national, regional and global leadership roles, including as the lead engagement partner for some of the firm’s major clients. She is a member of the U.S. firm’s management committee and KPMG international’s global advisory leadership team. Since 2011, she has led KPMG’s advisory business in the U.S., charting a path of tremendous growth, including the establishment of market-leading positions in business and risk consulting and transaction advisory services. She has also overseen the expansion of KPMG’s capabilities in innovative services and solutions, including information security, strategy, digital/mobile and transformation.
Ozanus has been re-elected deputy chairman and COO, a position he has held since 2012. Ozanus, who led KPMG’s tax practice before becoming deputy chairman and COO, has played a critical role in the development and execution of the firm’s strategic initiatives. He will continue to be instrumental in the firm’s efforts to strengthen existing services and expand into new and innovative areas through investments, alliances and acquisitions.
The election of Doughtie and Ozanus was ratified by the KPMG partnership in a vote completed April 20.