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U.S. audit, consulting firm KPMG names first woman CEO

NEW YORK (Reuters) – KPMG LLP has named Lynne Doughtie, head of the firm’s advisory and consulting business, as its U.S. chairman and chief executive officer, the second woman this year to be tapped as CEO of a major U.S. accounting and consulting firm.

Effective July 1, Doughtie, 52, will replace John Veihmeyer, whose five-year term as U.S. chairman and CEO ends on June 30, KPMG said in a statement on Tuesday. Veihmeyer has also served as global chairman of KPMG since February 2014 and will continue in that role, KPMG said.

Doughtie joined KPMG’s audit practice in 1985 and has served in several national and global leadership roles, including lead partner for major clients, KPMG said. She has led the advisory and consulting business since 2011.

KPMG LLP is the U.S. arm of Switzerland-based KPMG International, the world’s fourth-largest accounting and consulting firm by fee revenue.

KPMG’s competitor Deloitte LLP announced in February that it had named Cathy Engelbert as its U.S. chief executive, the first woman to serve in that role.

(Reporting By Dena Aubin; Editing by Nick Zieminski)

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