“I am honored by this opportunity to serve KPMG at this pivotal time in our firm’s history,” said Knopp. "We have a tremendous opportunity to bring value to our various stakeholders through our one-firm approach during these transformative times."

“The best part about working at KPMG is our remarkable people,” said Newinski, who will succeed P. Scott Ozanus as deputy chair. “Our people serve our clients with excellence, support one another and their communities, and find solutions that have impact. I look forward to working alongside our partners and teams to drive continued growth for our firm.”

Knopp, who will begin his new role in July, succeeds current CEO Lynne Doughtie, who last year said she would not seek a second term.

“Paul’s deep understanding of our business, proven track record serving clients undergoing complex change, and strong leadership skills make him the ideal choice to lead the firm,” said Doughtie. “I have had the pleasure of working closely with Paul for many years, and I can attest to his values-based leadership. He is a thoughtful, confident, and decisive leader who inspires people at all levels. Laura is a proven leader who has a long and successful track record driving operational excellence, transformative change, and growth for the firm.”