KPMG LLP is folding its AI, innovation and ecosystem functions into a single new unit designed to spin up AI-native businesses at start-up speed, installing a vice chair who reports directly to the firm’s chief executive to run it — a structural bet that the biggest disruption to the professional-services model in a century can’t be managed through the usual committee layers.
The U.S. audit, tax and advisory firm’s new Client Technology & Innovation (CT&I) group, to be announced Sept. 22 and effective Oct. 1, will be led by Todd Lohr, a 15-year KPMG veteran who told Fortune that he had been “pushing for something like this for several years” — specifically, a structure with “a singular leader that reports directly to the CEO, which I do, because that is how we’re going to drive the transformative change that is required at KPMG.”
