Please ensure Javascript is enabled for purposes of website accessibility
November 29, 2022

KPMG’s #2 in the U.S., Henry Keizer, Is Stepping Down

We've confirmed that Henry Keizer, KPMG's Deputy Chairman and Chief Operating Officer, is retiring later this year due to "personal reasons." A number of anonymous sources alerted us to the news and we were able to confirm it with a trusted source as well as obtain a screenshot of CEO John Veihmeyer's message to the troops that was posted on the firm's internal website.

The screenshot is difficult to read when fit for this page so here's the text of the message from JV: 

I want to inform you about an important leadership change taking place at our firm.
For personal reasons, Henry Keizer will be stepping down as Deputy Chairman, effective with his ratification, and will be retiring from the firm later this calendar year.
Henry has served KPMG for more than 34 years, and has been our Deputy Chairman since I became Chairman in 2010. I deeply value and appreciate Henry’s contributions in the many roles in which he’s served, and I’ve enjoyed working closely with him. We all wish him the very best, and on behalf of the entire firm, thank him for his many years of contributions.
The Board of Directors, at its meeting last week, adopted my recommendation to elect Scott Ozanus, currently Vice Chair of our Tax practice, to succeed Henry as our next Deputy Chairman. Scott’s election by the Board is subject to a ratification vote of our partners, which will take place over the coming week and conclude on October 25. Scott will bring tremendous skills to the role of Deputy Chairman, and I’m looking forward to working with him.
As you know, we have just concluded a successful fiscal year 2012. Our firm is well-positioned for the future, and also well prepared for a smooth and effective transition. Importantly, during the period prior to Henry’s retirement later this calendar year, he will be working closely with Scott as he assumes his new responsibilities as Deputy Chairman and COO.
Our success is a testament to the incredible work being done by each and every one of you.
Thank you for all that you do every day for KPMG.
The "personal reasons" are the mystery here and one source speculated that is was an illness and that seems plausible since Keizer wasn't even through half of his term as DC/COO.
An email requesting comment sent to KPMG spokesman Manuel Goncalves was not returned.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

KPMG Australia Recruits From High Schools to Meet Demand For Talent

KPMG Australia was in the news the other day for a new recruiting program involving high school grads (who were clearly rounded up from the burnout section behind the building joke) and it’s an interesting idea: on-the-job training in lieu of university. You’ll note these are technology recruits, we’re not desperate enough for accountants yet […]

Compensation Watch ’22: Just How Scary Were Raises at KPMG This Year? (UPDATE)

[Updated original post from Oct. 19 with KPMG raise percentages for 2015 and 2013.] As the leaves start changing to PwC colors, it signals the start of compensation season at another Big 4 firm: KPMG. The results of the most recent round of comp talks are in and can be found on r/accounting, per usual. […]