Bill Michael, KPMG’s UK chairman, has resigned following the fall-out to comments he made in a virtual meeting. He told staff to ‘stop moaning’ about the pandemic!
Michael took over the role of chairman in 2017, but felt the scandal over his comments had made his position at the Big 4 firm ‘untenable’.
He said: “I love the firm and I am truly sorry that my words have caused hurt among my colleagues and for the impact the events of this week have had on them. In light of that, I regard my position as untenable and so I have decided to leave the firm. It has been a privilege to have acted as chair of KPMG. I feel hugely proud of all our people and the things they have achieved, particularly during these very challenging times.”
KPMG will now need to undertake a leadership election among partners to find a replacement.
Read the story as it unfolded on www.pqmagazine.com