Timothy P. Flynn has been elected chairman of KPMG International for a four-year term, effective Oct. 1. He succeeds Sir Michael Rake who is retiring from KPMG and become the next chairman of BT Group Plc.
Flynn, 50, was elected unanimously by the KPMG International board and council. He will lead the KPMG global network of professional firms operating in 148 countries, with 113,000 partners and professionals worldwide. Flynn is a 28-year veteran of KPMG and has been a partner since 1988.
Flynn will remain as chairman and chief executive of KPMG LLP, the U.S. unit of the audit, tax and advisory firm. He was elected to head the U.S. firm in 2005 and is serving a five-year term. One of his first actions in that post was settling allegations from federal regulators that the firm had engaged in the practice of selling questionably legal shelters.
In a statement, Flynn said that the top strategic issues the firm is confronting remain across the global landscape. Flynn most recently served as vice chair, audit & risk advisory services, for KPMG LLP. He has also served as global managing partner, audit, for KPMG International, where he was a member of KPMG International’s international executive team.
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