KPMG'S FLYNN AND VEIHMEYER STEP UPNew York - KPMG has named John Veihmeyer as the new CEO of its U.S. member firm, KPMG LLP, as Timothy Flynn assumes the role of chairman of KPMG International's newly formed Global Executive Team.
Flynn will remain chairman of both KPMG LLP and KPMG International, but Veihmeyer will now oversee the day-to-day operations of the firm in the U.S., as Flynn takes on more of an international role in helping clients cope with the global financial crisis. Veihmeyer has been deputy chairman of KPMG LLP since 2005 and chairman of the Americas region for KPMG International since 2007.
RSM MCGLADREY'S TAIT STEPS DOWN
Kansas City, Mo. - Steve Tait, president of H&R Block's accounting subsidiary RSM McGladrey, plans to resign, effective April 30. No reason was given for Tait's decision to step down and a successor had not been named at press time. H&R Block president and CEO Russ Smyth said that Block "is committed to finding an outstanding leader to fill this critical business position."
RSM McGladrey operates in an alternative practice structure with partner-owned auditing firm McGladrey & Pullen. Together they ranked No. 5 on Accounting Today's 2008 list of the Top 100 Firms, with 8,000 professionals and associates in nearly 100 offices.
DIXON HUGHES MERGES IN ROSENFIELD
Orlando, Fla. - Southeast super-regional CPA firm Dixon Hughes plans to integrate the practice of Orlando-based Rosenfield Co.
The merger became effective Feb. 1. Financial terms of the deal were not disclosed. The move will allow the eight members of Rosenfield, including managing partner Ken Rosenfield, to join the 1,200 employees of Dixon Hughes. The deal also enables Dixon Hughes to expand into Florida. The firm plans to keep Rosenfield's Orlando office, but to operate it under the Dixon Hughes name.
Dixon Hughes also has offices in Alabama, Georgia, North Carolina, South Carolina, Tennessee, Texas and West Virginia. The firm has approximately $200 million in revenue and ranked No. 18 on Accounting Today's 2008 list of the Top 100 Firms.
