NEW DELHI: Leading professional services firm KPMG India today said its CEO Richard Rekhy plans to retire and will continue to serve in the position till a successor is found.While specific reasons for the decision were not disclosed, KPMG India Board said it has respectfully accepted Rekhy's decision after due deliberations.Rekhy has been serving as CEO since 2012 and during his tenure the company has attracted over 70 partners from other industries and across the professional services sector. KPMG in India has around 1,100 staff and in recent times the company has seen attrition of various partners. "Richard Rekhy plans to retire as CEO of the firm... In accordance with KPMG India's governance, the Board of KPMG India will run the succession process over the coming few months," KPMG India said in a release.Rekhy will continue to serve as CEO until his successor is ratified by KPMG India partners.In the release, KPMG India Board said it has "respectfully accepted Richard's decision to retire" after due deliberations and recognising his stellar professional as well as personal contributions to the India firm over the last many years as the CEO and in his prior leadership roles. "Since he took office in 2012 KPMG India has been growing rapidly, with revenue, along with the number of partners, directors and professionals, doubling.

Source: Economic Times November 06, 2016 09:29 UTC