In a major shift in leadership, KPMG LLP announced on July 27, 2025, that Timothy J. Walsh has been appointed as the firm’s new U.S. Chair and Chief Executive Officer. Walsh takes over from Paul Knopp and Laura Newinski, who completed their five-year term on June 30, 2025. Atif Zaim has been named the Deputy Chair, further strengthening the firm’s leadership team during a period of transformation in the professional services industry.
Walsh, who has been with KPMG for over two decades, is widely respected for his deep expertise in audit, tax, and advisory services. His leadership journey within the firm has been marked by his focus on innovation, client-centric strategies, and digital transformation. With his appointment, KPMG is signaling a new era of leadership that prioritizes adaptability and resilience in an increasingly complex global business environment.
One of the major challenges Walsh and Zaim will face is navigating the rapidly evolving landscape of business services, where the demand for digital solutions, sustainability practices, and data-driven decision-making continues to grow. KPMG, which is one of the “Big Four” accounting firms, is not only competing with other global firms but also with fast-growing fintech and tech companies that are beginning to offer similar services.
Under Walsh’s leadership, KPMG plans to accelerate its digital transformation efforts, focusing on integrating advanced technologies like artificial intelligence (AI) and machine learning into its operations. This move aligns with the firm’s goal of improving client experiences and operational efficiency. KPMG has also emphasized its commitment to sustainability, recognizing the increasing importance of environmental, social, and governance (ESG) factors for both clients and investors.
Walsh’s vision for KPMG is one that embraces innovation while maintaining the firm’s strong legacy of integrity and professionalism. He plans to lead the firm through a period of reinvention, capitalizing on new opportunities in sectors like renewable energy, cybersecurity, and technology consulting. Additionally, KPMG will continue to invest in its workforce, focusing on developing the next generation of leaders and professionals who will drive the firm’s future success.
KPMG’s decision to appoint both Walsh and Zaim, who are known for their collaborative leadership style, reflects the firm’s commitment to teamwork and inclusivity. Industry experts believe this dual leadership structure will provide KPMG with the agility it needs to respond to the fast-paced demands of the global marketplace.
Looking ahead, KPMG’s focus will be on building stronger, more resilient client relationships while adapting to changes in the professional services landscape. Walsh’s leadership is expected to be instrumental in shaping the future of the firm, and his track record of success positions him well to navigate the challenges and opportunities of the coming years.
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