KPMG South Africa has announced an appointment of Joelene Pierce as the new CEO and will takeover from Ignatius Sehoole who is heading to retirement on 1 March 2026.
The statement said KPMG in South Africa today announced the appointment of Joelene Pierce as the new CEO,effective 1 March 2026.The appointment is made as a result of current CEO Ignatius Sehoole's imminent retirement, which will take place on 1 March 2026.Partners of the voted for the appointment on the 31st of July 2025,signalling not only the strength of expertise that Pierce brings to the firm, but also that the newly elected CEO offers unparalleled expertise in both leading the business,as well as understanding the unique and dynamic nature of the client and economic environment in which it operates.
The mentioned that Pierce currently serves as the Head of Financial Services in South Africa and is a member of the KPMG South Africa Policy Board.Having been with the firm for the past 26 years,undertaking a Partner role for 19 of those,she brings extensive expertise in key areas of financial services including:retail banking,corporate treasuries,securities trading and asset-based securitisation structures and has worked with most of the firm's top 10 clients.
Even an outgoing CEO is pleased with the appointment of Joelene and he is confident that she will do exceptionally well in her new role.
Ignatius Sehoole,current CEO of KPMG South Africa and Chairman of KPMG Africa said:"It is an honour to hand over to not only a highly skilled,responsible leader,but one whose career has been underpinned by driving the core principles which we,as a business,are passionate about and actively drive within the sector."
He continued:"However,it is not just the technical skills and know-how that sets CEOs apart;it is ability to truly connect with various stakeholders and to ensure that everyone - both internally and externally - remains committed to the firm's key values and principles.Her appointment ensures that a sound focus on innovative and next generation thinking will be prioritised alongside the key focus areas of ethical governance,integrity and holding the firm accountable to maintain public trust.This is essential to build the firm of the future for both our clients and for our people."
The new appointee has promised to continue on the footsteps of Ignatius and vowed that she will make sure that the firm reaches new heights.
"I am extremely grateful and honoured to take on this new role and build on the strong foundations created during Ignatius' tenure.I am committed to remaining focused on transformation and ethical practice,as well as embedding critical thinking into the business.This will ensure that,in addition to continuing the strong focus on instilling trust in the brand,we continue to expand the firm's role in social and economic development.With a strong client base across different sectors,building on this will be a priority,along with continued development for our people and culture,"said Joelene Pierce,incoming CEO of KPMG South Africa.
The firm's statement clarified that Mr. Ignatius Sehoole will step down as CEO on 1 March 2026,as he heads into retirement.Mr Sehoole and Ms. Pierce will undertake a focused handover over the next few months,to ensure a smooth transition into her role and to continue providing unwavering support and high-quality service to the business,clients and employees.
"We wish Ignatius all the best and would like to thank him for the unwavering commitment to the KPMG brand over the last six years.His contribution has been exceptional,and he has led this business with the highest level of ethics,transparency and diligence,with a solid commitment to transformation and market excellence,"stated Prof Nkuhlu,Chairman of KPMG South Africa.
KPMG South Africa has served the South African market for over 125 years and operates through two entities,KPMG Incorporated for audit services and KPMG Services Proprietary Limited for advisory and tax services.