The leadership change at Big Four firm KPMG became official Wednesday, as the firm's 1,600 U.S. partners ratified the election of Timothy P. Flynn, 48, as chairman and chief executive, and John B. Veihmeyer, 49, as deputy chairman and chief operating officer.

Flynn and Veihmeyer, who will serve in their respective roles until 2011, succeed Eugene D. O'Kelly and Joseph Mauriello. O'Kelly, 53, who has served as chairman and CEO since 2002, announced June 5 that he would step down to battle advanced-stage cancer.

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