KPMG in the US has elected Lynne Doughtie to serve as its next Chairman and Chief Executive Officer, for a five-year term starting July 1. Doughtie currently leads KPMG’s Advisory business, and has held numerous leadership positions since launching her career in the firm’s Audit practice three decades ago.
Lynne Doughtie joined KPMG practice in 1985 and went on to serve in a number of national, regional and global leadership roles, including as the lead engagement partner for some of the firm’s major clients. Since 2011, she has led KPMG’s Advisory business in the US, leading the practice through a path of tremendous growth, making Advisory the strongest performing business unit within the Big Four firm. With the US the firm’s largest market, the development played a large role in thrusting KPMG’s global performance, with recent analysis from Consultancy.uk revealing that for a number of years now Advisory has been significantly outperforming Audit and Assurance in terms of growth.
The US Advisory growth can be attributed to both strong organic expansion and inorganic growth. Firms recently acquired include healthcare specialist Beacon Partners, Zanett Commercial Solutions and Rothstein Kass, previously one of the top 20 professional services firms in the country. Doughtie has in recent years also received several recognitions and awards for her work, including being named one of Consulting Magazine’s ‘Top 25 Consultants’ and ‘Top Women Leaders in Consulting’.
“It is an honour to have the chance to lead KPMG at such a pivotal moment, when ensuring quality and confidence in the work we do has never been more important,” comments Doughtie. “Our firm, our clients and the entire marketplace are looking at a future of unprecedented change and extraordinary opportunity, where ‘business-as-usual’ is going to mean constant innovation and transformation. I’m excited to team with our incredibly talented people, as we work closely with companies and other organisations to help them address their most complex challenges and opportunities.”
Doughtie will succeed John Veihmeyer, who has served as US Chairman and CEO since 2010 and simultaneously as Global Chairman of KPMG International since February of 2014. When Veihmeyer became Global Chairman, he indicated that he would serve the remainder of his term as US Chairman and CEO through its close on June 30, 2015, before focusing exclusively on his international role. He will continue to be based in the US as he leads KPMG globally.
“Lynne Doughtie is an incredibly innovative, thoughtful and inspiring leader, who has the exact qualities needed to lead our firm and our people in a time of increasing complexity and change,” says Veihmeyer. “She has led our US Advisory practice to unprecedented levels of success and established it as KPMG’s fastest growing business. Lynne will be an extraordinary and inspiring leader for KPMG and our people.”