KPMG to launch election course of for subsequent world chair

Sky Information has learnt that Jon Holt, who has been chief government of the skilled companies big’s UK arm since 2021, is being extensively touted by colleagues as a contender to switch Invoice Thomas as chair of KPMG World subsequent yr.

The formal election course of is not going to get underway till the primary half of 2026, in line with insiders.

Beneath Mr Holt’s stewardship, KPMG’s monetary efficiency and governance have been stabilised following a torrid interval by which it was hit by a number of fines for audit failings.

Essentially the most infamous of those associated to Carillion, the collapsed development big.

KPMG has not but disclosed particulars of the method of electing Mr Thomas’s successor, though the incumbent was chosen by KPMG’s world council, which incorporates illustration from all member companies.

Earlier chairs of KPMG’s world community, together with the Brit Sir Mike Rake, have mixed the position with main their home agency, though it was unclear whether or not such a twin position would nonetheless be seen as viable.

In an announcement issued to Sky Information, a KPMG Worldwide spokesperson mentioned: “Invoice Thomas’s time period as KPMG World chairman and CEO runs to September 30 2026.