KPMG Restructures AI Division to Launch New Incubator Reporting Directly to CEO
KPMG is restructuring its artificial intelligence and innovation functions into a new unit called Client Technology & Innovation (CT&I), which will operate as an internal venture studio aimed at developing future-facing businesses. The reorganization, effective October 1, places Todd Lohr in the role of vice chair reporting directly to CEO Tim Walsh — a strategic move signaling KPMG's commitment to driving transformative change through AI and innovation. Lohr, with over 15 years at KPMG and prior startup experience, will lead CT&I’s four pillars: products and platforms strategy, commercial infrastructure, firmwide AI/data strategy, and internal incubation. The new structure elevates the role of technology beyond traditional advisory functions into a core strategic pillar for future growth. This shift comes as Steve Chase, former global head of KPMG's AI & Digital Innovation group, retires at month’s end after building out its initial framework since 2023.
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Topics: AI Innovation Strategy Professional Services Industry