Tokyo (May 16, 2002) -- KPMG International has elected Mike Rake as chairman of its international network of firms, succeeding retiring chairman Stephen G. Butler, effective immediately.Rake, 54, retains his position as chairman of KPMG's United Kingdom firm. Rake was elected unanimously at a meeting of the firm's International Board and Council here. After serving as chairman of KPMG in the Middle East, Rake was appointed U.K. chairman in 1998, and chairman of European operations in 1999.

"Steve has given great service to KPMG, not least in spearheading discussions with the SEC on the role of audit services in the wider business environment, and in strategically thinking through the need to separate our consulting business," said Rake. "He also led our US firm through a period of considerable growth."

The firm also named tapped Robert W. Alspaugh as chief executive officer of KPMG International. Alspaugh, 55, previously served as deputy chairman and chief operating officer for KPMG's U.S. firm.

-- Electronic Accountant Newswire staff

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