PwC taps Mohamed Kande as new global chair - Financial Times

Investing.com -- Big Four accounting firm PwC has tapped the head of its international advisory business, Mohamed Kande, as its next chair, according to a report in the Financial Times.

Citing people familiar with the matter, the FT said that Kande's appointment by PwC's global board was revealed to the company's partners on Monday. The selection must still be approved by member groups in individual countries.

Kande will replace current chair Bob Moritz, who is set to leave after his tenure ends in June.

Moritz had previously reportedly dismissed the potential for London-based PwC to split into two separate audit and consulting businesses. Along with rivals Deloitte, KPMG and EY, PwC generates revenue by auditing some of the world's biggest companies and offering both consultancy and tax advice.

Sources told the FT that all of the candidates to replace Moritz were in support of keeping these operations together.

Kande, who joined PwC more than a decade ago, now serves as the vice-chair of its U.S. consulting unit and global advisory leader.

The FT quoted a PwC spokesperson as saying that the process for selecting a global chair "is still under way, and we do not plan to comment on the outcome until it is concluded later this year."