Michael Andrew is the new chairman of KPMG International and will now lead the KPMG global network of professional services firms providing audit, tax, and advisory services.
Andrew is 54 and currently holds the position as Asia Pacific and Australian chairman of KPMG. He will succeed Timothy P. Flynn, who will retire when his term as global chairman expires at the end of September 2011.
KPMG's new chairman will be based in Hong Kong and will serve in this position for the next four years.
According to KPMG, Andrew was chosen for this position unanimously by KPMG International's Global Board and Council. He has been with this company for the past 27 years and boasts a broad experience in emerging markets, both in Eastern Europe and the Asia Pacific.
Operating in 150 countries, KPMG has 138,000 people working in member firms around the world.
The company notes that in past years, Andrew has been a key driver of the Australian firm's robust growth, and has been one of the architects of KPMG's global strategy in recent times.
"It is a great honour to be elected chairman of KPMG International. Tim Flynn has provided superb leadership these past four years and I look forward to building on his record of achievement. Under Tim's leadership, KPMG launched an ambitious growth strategy in 2010, and with our strategic blueprint firmly in place, it's now about execution and winning in our key markets," said Michael Andrew. "I am passionate about KPMG and its capability for growth. Our key strength is the strong collaborative relationships KPMG member firms have with their clients. My primary focus will be developing and empowering our people so they can execute on our strategy and help KPMG's clients succeed in this increasingly complex world."
"I take great pride in announcing that Michael Andrew has been elected to succeed me as chairman of KPMG International. Michael is an outstanding professional who brings an exceptional breadth of experience to the position, not only through his leadership role in Australia but with his expanding influence throughout the Asia Pacific region," said Tim Flynn. "As the first chairman of KPMG International from the Asia Pacific, he reflects the increased importance of that region in the global economy. Without question, Michael will bring the knowledge and perspective that will continue to increase the ability of the KPMG network to meet the needs of clients around the world."
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