KPMG SA announced on Wednesday that Ignatius Sehoole has been appointed as their new CEO.
Ignatius Sehoole will be taking up the role of chief executive officer of KPMG South Africa, replacing Nhlamulo Dlomu, with effect from 1 May 2019.
Nhlamulo will be stepping down as CEO to take up a global role with KPMG, focusing on organisational culture change and ethical leadership. This comes a year after he was brought in to restore the company’s reputation.
Of his new appointment, Ignatius commented:
“I am very honoured and look forward to the opportunity to help lead KPMG SA. It is imperative that the profession rises to the challenges it is facing, and it is in the national interest that KPMG be part of the solution. My priority at KPMG will be to continue to restore client confidence and again make KPMG a firm where the best people wish to work. I look forward to the opportunity to accelerate this rehabilitation phase.”
Until Ignatius’ appointment, Professor Wiseman Nkuhlu will remain in his role as executive chairman and will revert to his non-executive chairman role on 1 May.
Professor Wiseman said:
“While KPMG South Africa has changed substantially over the past year, the challenges facing both KPMG and the profession have intensified. With this in mind, the Board felt it was important to appoint an external candidate to the firm with strong industry credentials. Ignatius will be able to build on the foundations Nhlamu established to restore trust in KPMG. He will also participate in efforts to reposition the profession with clients and the public. In Ignatius, I am pleased we have found a leader equal to the task. We worked closely together during our time at SAICA and this gives me great confidence that he has both the character and experience to succeed in this role. His strong record in promoting black chartered accountants will also be a key asset in promoting transformation at KPMG. Ignatius will be coming to an organisation with a proud history and a wealth of committed and loyal colleagues and clients. Together we will continue the rebuilding work already under way.”
Ignatius is an experienced leader in the accounting profession and served as the executive president of SAICA from 2000 to 2009, where he was responsible for representing SAICA at high profile functions, heading up delegations to meet with senior government and private sector leaders and maintaining ongoing media contact.
He also served at Murray & Roberts Contractors, where he was responsible for mergers, acquisitions and disposals, as well as feasibility studies for greenfields operations, as well as Fedics Food Services in 1992 as group internal audit manager, general manager of finance and operations director of Inland Region, where he looked after the productivity, quality, human resources, client satisfaction and financial performance aspects of his division.
In 1996 he was appointed as the managing director of Inland Region, including Reef Food Services, with 3 500 employees and 330 contracts as his main responsibility. In this capacity he was instrumental in bringing an empowerment consortium into the Fedics group.
He is a CA (SA), having completed a B.Comm at Vista University, a B.Compt Honours and Certificate of Theory in Accountancy at the University of South Africa. He also holds a General Management Diploma from Ashridge Management College in the UK, before completing his articles at Deloitte and brief service at Transnet.