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 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 (pictured) has been deputy chairman of KPMG LLP since 2005 and chairman of the Americas region for KPMG International since 2007.

“I’m privileged to be assuming these increased responsibilities as Tim and I continue to lead the U.S. firm together,” he said in a statement. “The external environment has clearly redefined the landscape, presenting KPMG with a unique opportunity to work closely with clients as they deal with increasingly complex financial reporting requirements, as well as issues that include conserving cash, restructuring their businesses, optimizing their cost structure, growing their businesses for the long term, and reacting to changing regulatory models. In addition, we always need to stay focused on retaining the top talent by being a great place to work and build careers for our people, in an environment of professionalism and integrity.”

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