KPMG Cuts Size of German Management Board, Handelsblatt Reports

KPMG’s German unit plans to cut its management board to five members from 16 to reduce costs, Handelsblatt reported in a preview of an article to be published tomorrow, citing unidentified people at KPMG Deutschland.

The management board of Germany’s second-largest accounting firm will include Klaus Becker, Ernst Groebl, Michael Krall, Wolfgang Zieren and Michael Kozikowski, the newspaper said.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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