New York (July 8, 2004) -- Richard Rosenthal, KPMG's chief financial officer since 2002, will retire from the firm, a spokesman for the Big Four firm confirmed.

Rosenthal, a KPMG veteran since 1978 who served as vice chairman of tax operations for two years before becoming CFO in 2002, is the latest executive to depart the firm amid ongoing investigations by the Internal Revenue Service and the Justice Department into the Big Four firm's past tax shelter activities.

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