New York (Jan. 14, 2003) -- KPMG, one of several firms under scrutiny by regulators for its role in promoting abusive tax shelters, has shaken up the leadership of its tax practice by announcing that its deputy chairman will retire and other executives’ roles will be shifted.
KPMG this week said the firm’s deputy chairman Jeff Stein, formerly vice chair of tax services, will retire at the end of the month. A successor will be elected by the board and ratified by a partnership vote next month. Jeff Eischeid, partner-in-charge of the tax practice's personal financial planning practice, has been put on administrative leave and will no longer hold that position. Richard Smith, who has served as vice chair of tax services for the past two years, will take on different practice responsibilities. Smith’s successor will be named shortly.
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