KPMG elected Lynne Doughtie to serve as its next chairman and CEO for a five-year term starting July 1. Doughtie currently leads KPMG’s Advisory business, and has distinguished herself in numerous leadership positions since launching her career in the firm’s Audit practice three decades ago.

Doughtie will succeed John Veihmeyer, who has served as U.S. Chairman and CEO since 2010 and simultaneously as global chairman of KPMG International since February of 2014. When Veihmeyer became Global Chairman, he indicated that he would serve the remainder of his term as U.S. chairman and CEO through its close on June 30, 2015, before focusing exclusively on his international role. He will continue to be based in the U.S. as he leads KPMG globally.

“It is an honor to have the chance to lead KPMG at such a pivotal moment, when ensuring quality and confidence in the work we do has never been more important,” said Doughtie. “Our firm, our clients and the entire marketplace are looking at a future of unprecedented change and extraordinary opportunity, where ‘business-as-usual’ is going to mean constant innovation and transformation. I’m excited to team with our incredibly talented people, as we work closely with companies and other organizations to help them address their most complex challenges and opportunities.”

“Lynne Doughtie is an incredibly innovative, thoughtful and inspiring leader, who has the exact qualities needed to lead our firm and our people in a time of increasing complexity and change,” said Veihmeyer. “She has been a key member of our management team during a period in which we have built a strong culture within KPMG, that promotes integrity, high performance, and diversity and inclusion, and I know Lynne will continue to champion these values. She has led our U.S. Advisory practice to unprecedented levels of success and established it as KPMG’s fastest growing business. Lynne will be an extraordinary and inspiring leader for KPMG and our people. I’m also pleased that she will be joined by P. Scott Ozanus, who will continue in his role as Deputy Chairman and Chief Operating Officer. Scott has been a true steward of the firm and has been instrumental in the development and execution of our strategy and the unprecedented growth the firm has experienced over the last several years.”

Doughtie has been recognized with numerous honors and awards throughout her career, including being named one of Consulting Magazine’s Top 25 Consultants and Top Women Leaders in Consulting. She was also featured in Profiles in Diversity Journal’s Women Worth Watching, and recognized in Accounting Today’s Women in Accounting.

P. Scott Ozanus, 55, was re-elected deputy chairman and COO, a position he has held since 2012. Ozanus, who led KPMG’s tax practice before becoming Deputy Chairman and COO, has played a critical role in the development and execution of the firm’s strategic initiatives. He will continue to be instrumental in the firm’s efforts to strengthen existing services and expand into new and innovative areas through investments, alliances and acquisitions.

Ozanus joined KPMG’s Tax practice in 2002, after more than 20 years at Arthur Andersen, to serve as Dallas office managing partner and Southwest region tax managing partner. In 2005, he took responsibility for management of the firm’s three major businesses in the Southwest Region, and subsequently became the vice chair in charge of the tax practice in 2010. Under his leadership, the tax practice became the fastest growing among the Big Four. He is the account executive for a number of KPMG’s largest and most significant clients.

Ozanus has served on several Dallas area boards, including the United Way of Metropolitan Dallas, the Heart Hospital Baylor-Plano, and the Cox School of Business. He currently serves on the board of Children’s Health System of Texas, Dallas, Texas. He is a licensed CPA in Texas, Oklahoma and New York; and is a member of both the Texas Society of Certified Public Accountants and the American Institute of Certified Public Accountants.

The election of Doughtie and Ozanus was ratified by the KPMG partnership in a vote completed Monday, April 20.