Michael Andrew has been elected Chairman of KPMG International. He will lead the KPMG global network of professional services firms providing Audit, Tax, and Advisory services for a four-year term, effective October 1, 2011. He succeeds Timothy P. Flynn, who announced in January that after 32 years with KPMG, he would retire when his term as Global Chairman expired at the end of September 2011. Michael Andrew, who will be based in Hong Kong, is currently Chairman of KPMG Asia Pacific and also of KPMG Australia; he was elected to his new role unanimously by KPMG International’s Global Board and Council. In his 27 years with KPMG, Andrew has had broad experience in emerging markets, both in Eastern Europe and Asia Pacific, and has been a key driver of the Australian firm’s robust growth. In recent times, he has been one of the architects of KPMG’s global strategy.
Beginning in 2005, Flynn was elected to a five-year term as Chairman and CEO of KPMG LLP, the U.S. Audit, Tax, and Advisory firm. In addition, in 2007 he was elected as Chairman of KPMG International for a four-year term.
Michael Andrew said:
“It is a great honor to be elected Chairman of KPMG International. Tim Flynn has provided superb leadership these past four years and I look forward to building on his record of achievement. Under Tim’s leadership, KPMG launched an ambitious growth strategy in 2010, and with our strategic blueprint firmly in place it’s now about execution and winning in our key markets. I am passionate about KPMG and its capability for growth. Our key strength is the strong collaborative relationships KPMG member firms have with their clients. My primary focus will be developing and empowering our people so they can execute on our strategy and help KPMG’s clients succeed in this increasingly complex world.”
Tim Flynn said:
“I take great pride in announcing that Michael Andrew has been elected to succeed me as Chairman of KPMG International. Michael is an outstanding professional who brings an exceptional breadth of experience to the position, not only through his leadership role in Australia but with his expanding influence throughout the Asia Pacific (ASPAC) region. As the first Chairman of KPMG International from ASPAC, he reflects the increased importance of that region in the global economy. Without question, Michael will bring the knowledge and perspective that will continue to increase the ability of the KPMG network to meet the needs of clients around the world.”