KPMG to launch election process for next global chair

Sky News has learnt that Jon Holt, who has been main enforcement of the nonrecreational services giant's UK limb since 2021, is being wide touted by colleagues arsenic a contender to regenerate Bill Thomas arsenic seat of KPMG Global adjacent year.

The ceremonial predetermination process volition not get underway until the archetypal fractional of 2026, according to insiders.

Under Mr Holt's stewardship, KPMG's fiscal show and governance person been stabilised pursuing a torrid play successful which it was deed by aggregate fines for audit failings.

The astir notorious of these related to Carillion, the collapsed operation giant.

KPMG has not yet disclosed details of the process of electing Mr Thomas's successor, though the incumbent was chosen by KPMG's planetary council, which includes practice from each subordinate firms.

Previous chairs of KPMG's planetary network, including the Brit Sir Mike Rake, person combined the relation with starring their home firm, though it was unclear whether specified a dual relation would inactive beryllium seen arsenic viable.

In a connection issued to Sky News, a KPMG International spokesperson said: "Bill Thomas's word arsenic KPMG Global president and CEO runs to September 30 2026.

"KPMG has an established process for electing a caller planetary president and we expect to denote succession plans successful outpouring 2026."

A spokesperson for KPMG UK declined to remark connected whether Mr Holt would enactment himself guardant for the role.

Mr Holt could not beryllium reached for comment.