In the wake of controversies plaguing auditing firm KPMG SA, it has decided to move its CEO Nhlamulo Dlomu to a “global role” — specifically around dealing with organisation culture change and ethical leadership. “Given the scale of the reputational challenges facing both KPMG and the industry, the board has decided that a new chief executive from outside the firm, with strong industry experience, will optimise prospects of rebuilding trust,” the firm said. “She will work with Bill Thomas, KPMG’s global chairman, and the global management team in executing on the firm’s global strategic priorities.” While the search for a new CEO is “well advanced”, KPMG’s Wiseman Nkuhlu will serve as executive chair in the interim. Dlomu was appointed in October 2017 after Trevor Hoole in the aftermath of its dealings with the Guptas and the South African Revenue Service (Sars). Dlomu said on Wednesday that it had been a privilege to lead KPMG over the past year. “Although it has been challenging,...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.