KPMG Luxembourg Reveals New Executive Committee

KPMG Luxembourg announced yesterday the new Executive Committee that will work with David Capocci when he becomes Managing Partner on 1 October 2020.

The new Executive Committee will include seven positions. As in previous years, the Managing Partner, Head of Tax, Head of Advisory, Head of Audit and Chief Operating Officer (COO) all sit on the committee. A Chief Innovation Officer (CINO), Head of Sales & Markets, have been added as permanent members to support the central goals of client centricity and innovation. 

David Capocci, future Managing Partner, commented: “The new Executive Committee will guide our firm into a new era as we face the new reality of COVID-19 together. By selecting the leadership team now, we can work closely with the current leadership team to ensure a smooth transition during the difficult days ahead and enable us to be ready and fully operational on day one”.

David Capocci also explained how the new Chief Innovation Officer will play a role in building on the firm’s history of innovation to help clients: “A Chief Innovation Officer (CINO) has been added to Exco to accelerate implementation of innovative ideas, technology, and processes that will augment quality, improve our margins, and increase scalability. The CINO will also collaborate closely with functions and sectors to develop new revenue streams and improve efficiency in our operations”.

This new position will be filled by Ravi Beegun, a tech enthusiast and well-known face in the financial industry who will bring his passion and proven track-record in innovation, technology, data and analytics and digital transformation. 

In addition, the Head of Sales & Markets will now join the Executive Committee as a full member to foster collaboration between service lines, solutions and accounts to facilitate and ensure revenue growth. As Head of Sales & Markets, Stanislas Chambourdon will bring his strong executive presence and relationships with top clients to develop the firm's go-to-market strategies and lead the sector's community. His main focus will be ensuring that the client is firmly at the centre of all initiatives and strategies to ensure that the right solutions are applied to the challenges of the coming months. Working closely with the Chief Innovation Officer, Mr Chambourdon will facilitate the development of cutting-edge customer experience with a culture of innovation. 

Meanwhile, Sébastien Labbé will continue to drive the tax activities as Head of Tax, and Fabrice Leonardi will stay on as Chief Operating Officer (COO). Stephen Nye will also continue as Head of Quality & Risk Management. They will be joined by a new team of leaders with a wealth of experience within the firm when David and the new Executive Committee assume their positions on 1 October. In addition to Ravi Beegun as Chief Innovation Officer and Stanislas Chambourdon as Head of Sales & Markets, Petra Schreiner will take on the role of Head of Audit, while Yves Courtois will become Head of Advisory.