KPMG Canada appoints Elio Luongo as new CEO for five-year term
KPMG LLP has hired Elio Luongo, currently Canadian Managing Partner of the company’s tax practice, as its new Chief Executive Officer beginning in October. With three decades of experience in corporate planning and restructuring, KPMG says Luongo has the vision and proven ability to lead the company into a new chapter of growth.
“I am honoured to have been given the opportunity to lead the firm’s dedicated and talented professionals,” says Luongo. “Promoting Canada’s competitive advantage will be an important guiding principle for my tenure. 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.”
Luongo will succeed Bill Thomas who will complete his term as CEO. Thomas will transition to focus his time on his international role as Chair of KPMG’s Americas Region. As CEO, Thomas built strong relationships with many Canadian and global clients, bringing key knowledge and insights to help them navigate the increasingly complex markets in which they operate. In 2015, he was named a Catalyst Canada Honours Champion in recognition for his leadership in building a diverse and inclusive culture across the firm.
“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. “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.”
Since joining KPMG in 1987 and becoming a partner in 1994, Luongo has held various leadership roles, including Business Unit Leader, Greater Vancouver Area (GVA); Regional Managing Partner, GVA; and most recently Canadian Managing Partner of Tax, responsible for leading over 1,000 tax professionals across Canada.