The board of KPMG UK has announced it is putting forward Jon Holt as its nominee for a new role as the firm’s chief executive, replacing Bill Michael following his resignation last month.
Currently, Hold serves as the head of the accounting giant’s Audit practice, and has worked with a wide range of companies including Old Mutual and Aviva since joining KPMG in 1994.
Prior to his current role, Holt was the firm’s head of Financial Services, leading the firm’s Banking, Insurance and Asset Management practice, and was previously a senior partner at KPMG’s Manchester office.
This nomination follows the board’s extensive nominations process, that included interviews with potential candidates and an independent assessment.
Bina Mehta, KPMG’s 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. He currently heads our Audit practice overseeing 7,000 people and has previously led our Financial Services practice.”
She added: “I know our partners will benefit from Jon’s experience, expertise and his inclusive leadership and I’m delighted he has agreed to put his name forward for the role of chief executive.”