KPMG appoints first female leaders on a temporary basis
KPMG has elevated two female partners to run the firm on a temporary basis and vowed to overhaul an unpopular performance management system in an attempt to calm relations with staff following an investigation into Chairman Bill Michael, the Financial Times reported https://on.ft.com/3jDRlSr on Thursday.
Under the current system, a team of five must include one person who achieves the best possible rating and one person who receives the worst. Managers and junior staff have criticised the system for being too inflexible and demoralising, with more than 600 employees “liking” an online comment during an all-firm meeting last November which called for it to be dismantled
The company told its 600 partners at an online meeting on Thursday that Michael will be replaced by two female partners: Mary O’Connor, who is head of clients and markets and will take over Michael’s responsibilities as senior partner, and Bina Mehta, a UK board member who will assume the chairman role, the report said.
KPMG did not immediately respond to a request for comment.
Image Credit : Financial Times
