KPMG in the UK has announced the appointment of Richard Gostling to its executive management team as Head of Sectors. Richard joins from Goldman Sachs where he was Head of Business Services.
At the same time KPMG has appointed Joe Gallagher, current Head of Sectors, as Vice-Chair and Melanie Richards, Non-Executive Director, as Vice-Chair from within the firm. Richard joins on 12th May and the Vice-Chair roles will take effect from October.
KPMG has also confirmed that Dr Ashley Steel, Vice-Chair and Global Head of Transport, will retire in the summer.
Simon Collins, UK Chairman of KPMG, commented:
“Richard completed his accountancy training at KPMG back in 1992 and has since been a trusted adviser to many UK businesses; we are delighted to welcome him back. The appointment of Joe Gallagher and Melanie Richards as Vice-Chairs is also an important step forward as we seek to evolve our leadership model, ensuring we are the most relevant to our clients and striving for the highest standards of governance and responsibility. Melanie and Joe will represent the firm at the highest level with clients and other key stakeholders.
“In our first year, KPMG’s new leadership team focussed on improving profitability and succeeded in increasing profits by 27%. For the next phase of our three year transformation plan, we are investing in the areas which matter most to our clients; such as cyber security, technological innovation and audit quality. The three appointments will bring a fresh and valuable perspective to our leadership team.
“I would also like to take the opportunity to thank Dr Ashley Steel for her huge contribution to KPMG and the business world more broadly.”
Richard Gostling, UK Head of Sectors at KPMG, added:
“I am very much looking forward to being a part of KPMG’s leadership team. The firm is making bold and interesting moves in the professional services market such as launching KPMG Capital, an investment fund targeting the digital and analytics market, and the acquisition of Makinson Cowell, the equity markets advisory business. The firm is on a solid footing for the future and it is my ambition to contribute to its future success.”
Richard will sit on the UK executive committee and will be responsible for the firm’s ten specialist sector departments (such as Energy & Natural Resources and Industrials) which generated £441m in net sales for the last financial year across the UK.
Sorrelle Cooper, Head of the Press Office, KPMG: +44 20 7694 8527 / +44 7932 078218
Simon Chan, Assistant PR manager, KPMG: +44 20 7694 2024 / +44 7747 564737
KPMG Press Office: 020 7694 8773
Notes to editors
Joe Gallagher held a range of international operational, commercial, business development and leadership roles within EMI Group, Mars Inc and J Sainsbury plc before joining KPMG in 2000. He currently leads KPMG’s relationships with communications and media clients such as BT Group, WPP and Everything Everywhere. He was appointed Head of Sectors by Simon Collins, when he was elected Chairman in 2012.
Melanie Richards, who has worked in the banking sector for 30 years, joined KPMG in 2000 as a Debt Advisory Partner from NatWest. Melanie is also a founding member of the 30% Club and has won awards such as Opportunity Now’s Champion Award for her work in embedding a diversity culture in the workplace. Melanie was elected to the KPMG Board as Non-Executive Director in 2012.
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.