KPMG’s board has nominated audit head Jon Holt as its preferred candidate for chief executive following the exit of former boss Bill Michael.
Michael left the firm in February after staff objected to comments he made on the topic of “unconscious bias” in an online town hall meeting.
KPMG said in a 31 March statement that Holt had been selected as the board’s nominee for the chief executive role with partners now set to vote on whether to approve the appointment on or before 14 April.
The move follows an extensive nominations process that included interviews with potential candidates and the gathering of views from partners through survey and soundings, KPMG said.
Bina Mehta, KPMG UK chair, said: “Jon was the outstanding candidate and met all the criteria we laid down at the start of our nomination process. We took on the views of our partners as well as using external expertise as part of the process. Jon knows our firm inside out and is a first-class leader.”
Michael resigned from the firm in February after describing unconscious bias as “complete crap” and telling staff not to moan about working life during the pandemic in a video meeting.
KPMG split the role of senior partner and chief executive following Michael’s exit with Mehta taking the chair role on an interim basis.
Head of clients and markets Mary O’Connor took the chief executive role on an interim basis after Michael’s resignation.
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