KPMG South Africa announced CEO Nhlamulo Dlomu will be taking up a new global role.
On 3 October, KPMG announced that their CEO Nhlamulo Dlomu will be taking up a new global role in which she will be focusing on organisational culture change and ethical leadership of the business.
“It has been a huge privilege to lead KPMG this past year. Although it has been challenging, we have managed to stabilise the business. This would not have been achieved without the loyalty of our clients, the commitment of KPMG partners and staff, as well as the invaluable input of the business community, civil society and the larger South African public. I look forward to sharing the South African experience with the global body of KPMG, and I’m pleased to be able to continue to support the firm during the transition.”
She will be executing on the firm’s global strategic priorities along with the global management team and global chairman Bill Thomas.
The search for her successor from outside the firm is well advanced, given the scale of the reputational challenges facing both KPMG and the industry. In the meantime, Professor Wiseman Nkuhlu will serve as executive chairman.
“We are all indebted to Nhlamu for her exceptional contribution to the rebuilding of KPMG in South Africa over the past year. She displayed courage, integrity and sound judgment at a time of great challenge. She helped rebuild the foundations of the firm’s reputation and refocused it as a purpose driven organisation more aligned to the public interest. I know that KPMG International will benefit tremendously from her considerable personal and professional skills.
“We have, under Nhlamu’s leadership, already taken many steps to improve the firm, and we need to do more. The challenges facing our industry have grown and we are focused on appointing a candidate who will help further restore confidence in KPMG in this changed environment. I have great faith in the strengths of KPMG and our ability to play a positive role in South Africa.”
In recognition of the leadership changes and the progress made by Nhlamulo, Business Leadership South Africa (BLSA) announced on 4 October that they would lift the suspension of KPMG South Africa.
Bonang Mohale commented on the decision:
“BLSA commends the unwavering commitment of the new leadership at KPMG, including full cooperation of the firm in all investigations, various interventions at changing the culture and full commitment to becoming a solution to the challenges facing South Africans.”
BLSA is continuing their work with the new leadership to change the culture of the business and to remain a transparent, responsible corporate citizen. They will also be part of the strategy review process of the firm.