Australia

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  • Type: Press release
  • Date: 28/02/2014

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Australia's Michael Andrew retiring as Global Chairman of KPMG 

KPMG International today announced that John B. Veihmeyer has been selected by its board of directors as KPMG’s next Global Chairman, to succeed 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 continuing his work as Co-Chair of the Australian B20 Working Group on Anti-Corruption.

 

Veihmeyer currently serves as Chairman and Chief Executive Officer of KPMG’s U.S. firm, and will continue in those roles as 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 City.

 

Andrew said: “I congratulate John on being selected as the next KPMG Global Chairman. He is an outstanding leader, a good friend and has already made a significant contribution to KPMG in his leadership of the U.S. member firm. He is the ideal person to lead our network into this next important phase of our growth.”

 

“The opportunity to lead KPMG globally is a privilege and honour, and I look forward to working alongside our incredibly talented professionals from around the world,” said Veihmeyer, who began his career with KPMG. “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.”

 

KPMG Australia Chairman, Peter Nash, said “Michael has made an enormous contribution to our network. A much admired and respected voice on the international business stage, Michael has been a tremendous ambassador for our firm and for Australian business. His relentless focus on quality, high growth markets and Asia will be a true legacy across KPMG.”

 

Veihmeyer has served as Chairman and CEO of KPMG’s firm in the U.S. 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 U.S. Chairman; managing partner of KPMG’s Washington, D.C. operations; and Global Head of Risk Management and Regulatory.

 

“On behalf of our board and all our professionals, I want to thank Michael Andrew for the enormous progress made under his leadership,” Veihmeyer said. “Michael’s understanding of the unique opportunities presented by emerging markets, demonstrated by his decision to base his office in Hong Kong, as well as his relentless focus on quality and integrity has helped position KPMG as a leader in an increasingly global and complex marketplace. We are indebted to him, and he has our best wishes as he focuses on his recovery.”

 

Veihmeyer is a recognised leader on the issues of diversity in the work force, education, and the critical role of ethics and integrity in business leadership. He has consistently been named one of the Top 100 Most Influential People in Accounting by Accounting Today magazine, and one of the Top 100 Most Influential People in Corporate Governance by Directorship Magazine. In 2013, Mr. Veihmeyer was honoured as “Responsible CEO of the Year” by Corporate Responsibility Magazine.

 

In 2011, he received the CEO Leadership Award from Diversity Best Practices for his commitment to diversity, and he has also been recognised for his work on KPMG’s Family for Literacy (KFFL), a signature community outreach initiative dedicated to fighting childhood illiteracy. In its five-year history, KFFL has provided more than 2 million books to children in need and refurbished libraries around the U.S. Veihmeyer is also a member of the Business Roundtable and the University of Notre Dame Mendoza College Business Advisory Council. He serves on the governing board for the Center for Audit Quality (CAQ) and the board of the U.S.-India Business Council.

 

He is currently Co-Chair of CEOs Against Cancer, and a board member of the Committee Encouraging Corporate Philanthropy (CECP) and the Business-Higher Education Forum (BHEF). Veihmeyer is a graduate of the University of Notre Dame, and lives with his wife in Maryland. He has three grown children.

 

About B20
The B20 Coalition brings together business leaders from the G20 economies and advises on the views of more than 6.5 million small, medium and large companies. Australia is the current holder of the G20 Presidency.

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Kristin Silva

Head of Communications

KPMG in Australia

+61 2 9335 8562, 0411 110 953

ksilva@kpmg.com.au