The firm on Monday said that Seymour’s departure as CEO had come after discussions with the PwC Australia Board of Partners.“We agreed with Tom that this is in the best interests of the firm and our stakeholders,” PwC said in a statement.PwC has appointed its assurance leader, Kristin Stubbins, to serve as acting CEO. Seymour will remain with the firm.
PwC has previously announced an internal review into the affair, and chair of the board of partners Tracey Kennair, said on Monday the firm needed to rebuild trust. Stubbins, the acting CEO, said: “I am honoured to take on this role at a critical time for our firm and our 10,000 people. We are committed to learning from our mistakes, listening to our stakeholders and enhancing our culture to build stronger trust and transparency.”