Toronto-based KPMG LLP announced on Monday that it has promoted a managing partner from within its tax practice to lead the Canadian arm of the multinational firm.
Elio Luongo will begin a five-year term as CEO for KPMG in Canada on Oct. 1. He replaces Bill Thomas, who has completed his term as CEO but will remain in his international role as chairman of KPMG's Americas region.
"I had the great fortune of working hand-in-hand with Elio as he led the firm's tax team and have witnessed his passion, dedication and drive to inspire our professionals," says Thomas in a statement. "I am confident in his vision for the future and excited to see how he guides the firm's clients to achieve their business needs."
Luongo joined KPMG in 1987 and became a partner in 1994. He has held various leadership roles, including business unit leader for the Greater Vancouver Area (GVA); regional managing partner, GVA; and most recently, managing partner of tax for Canada, for which he is responsible for leading more than 1,000 tax professionals across the country.
"Promoting Canada's competitive advantage will be an important guiding principle for my tenure," says Luongo in a statement. "Our country has incredible potential, and I'm confident that KPMG's entrepreneurial and purpose-driven people will lead the way as we work to better serve the evolving needs of our clients and communities."