KPMG Chair and Two Partners to Exit Amid Misuse of Client Data Scandal
Quick Look
KPMG's chair, Martin Sheppard, along with two audit partners, Paul Rogers and Eileen Hoggett, are departing the firm following a scandal involving the misuse of confidential client information and alleged mistreatment of a whistleblower.
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Why It Matters
KPMG is facing a scandal involving the misuse of confidential client information and alleged mistreatment of a whistleblower, leading to significant leadership changes.
KPMG chair Martin Sheppard and two audit partners are leaving the accounting and consulting giant in the wake of a scandal over misuse of confidential client information and the alleged mistreatment of a whistleblower.
Mr Sheppard has announced that he will leave the firm shortly and retire from his regional board responsibilities.
KPMG said in a statement that it would be appointing its first independent chair, after a short transition period to assist a smooth handover.
Two audit partners, Paul Rogers and Eileen Hoggett, are also leaving KPMG.
Open Questions
- What specific client information was misused?
- What are the details of the whistleblower's mistreatment?
- What is the timeline for appointing a new chair?