New chairman of KPMG International

Timothy P. Flynn, has been elected Chairman of KPMG International for a four-year term, effective October 1, 2007.

He succeeds Sir Michael Rake, who is retiring from KPMG - and will become the next Chairman of BT Group plc, the company said. Flynn was elected unanimously by the KPMG International Board and Council. He will lead the KPMG global network of professional firms operating in 148 countries, with 113,000 professionals worldwide.

A 28-year veteran of KPMG and a partner since 1988, he has provided strong leadership and vision during a period of transformation for the U.S. firm.